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Fixed Income

The core of any good portfolio, learn about the key themes and opportunities in fixed interest.

Fixed Income

(Il)liquidity in credit markets

Very few people actually understand liquidity in credit (or non-government bond) markets. Many express opinions on the subject of credit liquidity and, for example,...
Christopher Joye
Coolabah Capital
Income Series 2020

A secret weapon for income investors

The World Bank estimates almost 93% of countries will face economic contraction on a per capita basis in 2020 as a result of the pandemic. It is a crisis that has...
Omar Khan
Omar Khan
Freehold Investment Management
Fixed Income

Government bonds are still useful even at the zero lower bound

There’s been a fair bit of commentary recently that because interest rates and yields are so low, government bonds no longer have a role in portfolios. The argument...
Chamath De Silva
Chamath De Silva
BetaShares
Fixed Income

There’s Always Something Interesting Happening in Debt Markets

When most people think about debt markets their first though is boring government bonds and investment grade bonds, which in the current environment will deliver a...
Jonathan Rochford
Narrow Road Capital
Fixed Income

Could Austria’s Century Bond End up like Argentina’s?

In June 2017, Argentina sold US$2.75 billion of 100 year bonds at a yield of 7.92%. At the time I wrote that this was crazy and reflected a desperate chase for yield...
Jonathan Rochford
Narrow Road Capital
Fixed Income

NAB's launches landmark insto hybrid in unlisted market...

NAB has announced an important new BBB- rated unlisted or over-the-counter (OTC) hybrid transaction, which will be the first well-structured, public OTC AT1 hybrid...
Christopher Joye
Coolabah Capital
Fixed Income

A sting in the tail

Is the RBA too concerned with front end rates that are aimed at helping the banking sector at the expense of the taxpayer who, ultimately, will be picking up the...
Chris Rands
Chris Rands
Yarra Capital Management
Expert Insights

How does SME financing work and where does it sit in your portfolio?

In our last two videos Brett Craig of Aura Group covered off the significant funding gap and opportunity in the SME market, and how the sector is adapting to a...
Livewire Exclusive
Livewire Markets
Fixed Income
Sponsored

An alternative asset class for savvy wholesale income investors

Across a series of recent wires on Livewire, Brett Craig of Aura Group explained the emergence of SME debt capital as an asset class and its potential attractiveness...
Livewire Exclusive
Livewire Markets
Fixed Income

The paradox of fixed-income diversification

In the AFR this weekend I argue that one of the most popular yet flawed homilies in fixed-income investing is that diversification is a universally good thing. Whereas...
Christopher Joye
Coolabah Capital
Fixed Income

RBA’s Automatic Stabilizer for MonPol Tightening When Time Comes

The Reserve Bank of Australia recently guided the cash rate to 0.13% and expects it to remain around that level but there’s a reason why it has no plans to reduce the...
Sophia Rodrigues
Sophia Rodrigues
Central Bank Intel
Fixed Income

Careful what you wish for

Is central bank support for corporate bond markets truly unlimited? Our sense is decidedly not. Unlike government bonds, where central bank appetite and capacity is...
Tamar Hamlyn
Ardea Investment Management
Expert Insights

Small businesses and tech-savvy lenders rising up in tough times

Previously Brett Craig of Aura Group outlined the opportunity to generate attractive income in the alternative asset class of SME debt capital. Of course, in strained...
Livewire Exclusive
Livewire Markets
Expert Insights

A quick and easy guide to this emerging income asset class

Investors who have taken a balanced approach to income investing face a bittersweet outlook. On the one hand, the key Australian fixed interest benchmark is up 3.21%...
Livewire Exclusive
Livewire Markets
Fixed Income

The death of cash as an asset-class

In the AFR this weekend I write that super funds have a problem with their pure cash options right now as net returns are approaching zero and starting to turn...
Christopher Joye
Coolabah Capital
Fixed Income

An undiscovered yield opportunity

Small and Medium Enterprises (SMEs) have long been neglected by the banking sector in Australia. The amount of data required to assess the...
Brett Craig
Aura Group
Fixed Income

Asset Allocation - a good time to rebalance

As the end of the financial year approaches, it is a traditional time to take stock and see how one’s portfolio has performed. Please take a few minutes to watch our...
Jonathan Sheridan
Jonathan Sheridan
FIIG Securities
Fixed Income

Fixed Income is the main game

The traditional mindset regarding fixed income is that the returns are low and it is a boring asset class. Investing in Woolworths' (ASX:WOW) bonds is not a barbeque...
MQG
Mark Todd
Mark Todd
Bank of China
Expert Insights

Taking advantage of distressed sellers to enhance yield

There has been a rush to offer investors daily liquidity in asset classes, such as private debt, that simply aren't liquid. Bob Sahota from Revolution Asset...
Livewire Exclusive
Livewire Markets
Fixed Income

Are CLOs Going to Cause Another Financial Crisis?

Frank Partnoy has lit up financial media with his claim that CLOs are set to cause a financial crisis level of bank collapses. He argues that today’s CLOs are the...
Jonathan Rochford
Narrow Road Capital
Fixed Income

Markets roar back, but it’s not over yet

At the time of writing, US stock markets are up almost 45% since the March lows, which is easily the biggest move up in the shortest time ever. Markets are rallying...
Stuart Dear
Schroders
Fixed Income

Why rates are staying low

In some countries, including the UK, Canada, and New Zealand, central banks are now buying more bonds than the government is issuing. So we're actually seeing a...
Adam Bowe
PIMCO
Fixed Income

Fixing a stable future for burgeoning Super Funds

In mid-January, research house SuperRatings said that members could expect ‘solid’ returns in 2020. While 2019 had been a bumper year, powered by one of the best...
Mike Healey
Mike Healey
Payton Capital
Fixed Income

Where to from here?

This is a short video interview with Pinnacle's Gerald Willeston on: "Where to from here?" In this chat, I quickly recap where credit spreads have gone, and potential...
Christopher Joye
Coolabah Capital
Fixed Income

The Winner Is… Busted Companies

Some commentators have gone as far as saying capitalism is broken as the share market is a on a tear when the economy is suffering so badly. Whilst the recent surge...
Jonathan Rochford
Narrow Road Capital
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