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Fixed Income

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

Fixed Income

Coming tsunami of bail-in-able debt

This week I outline our analysis of the coming tsunami of "bail-in-able" Tier 2 bonds care of APRA's finalised Total Loss Absorbing Capacity (TLAC) policy, which the...
Christopher Joye
Coolabah Capital
Fixed Income

FOMO rally on fire

This week I reflect on the intensifying FOMO rally driven by the expected search for yield dynamic that has been triggered by RBA rate cuts, the prospect of the Fed...
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Christopher Joye
Coolabah Capital
Fixed Income

RBA cuts. Bonds do nothing. What's going on?

24 hours before the Reserve Bank of Australia (RBA) handed down its decision to cut rates 25 basis points, I was questioning whether the RBA would cut in June. Today,...
Chris Rands
Chris Rands
Yarra Capital Management
Fixed Income

Negative interest rates … the abnormal becomes ‘normal’

Hedonic adaptation is a psychology term that describes the human tendency of reverting to a relatively stable or ‘normal’ state following either positive or negative...
Gopi Karunakaran
Ardea Investment Management
Fixed Income

5 fundamental concepts driving fixed interest

With a new financial year approaching, Livewire invited me to discuss some key factors in our investment strategy for FY20 and explain their relevance to those...
Gopi Karunakaran
Ardea Investment Management
Fixed Income

It’s all just a little bit of history repeating

Over the past six months interest rate markets have seen extremely strong rallies globally, with the US 10-year yield falling by over 100 basis points since October...
Chris Rands
Chris Rands
Yarra Capital Management
Fixed Income

How to improve a portfolio's yield

Australian residential mortgage-backed securities (RMBS) provide a source of highly rated assets with consistent income generation. Two questions immediately come to...
John Sorrell
John Sorrell
Nikko AM
Fixed Income

One issue investors simply cannot ignore

After being told how well the trade negotiations between China and the US had been progressing, financial markets were shocked when Trump ordered additional tariffs...
Charlie Jamieson
Jamieson Coote Bonds
Fixed Income

Bank capital securities – a global opportunity

Key Points - Banks have dramatically improved their capital positions in two main ways – firstly by lending more prudently, and secondly by increasing issuance of...
Brad Dunn
Brad Dunn
Daintree Capital
Fixed Income

Australian higher yielding credit update and outlook

After reading about where I’m seeing future problems for debt investments, it would be possible to think I’m pessimistic about the investment outlook for my clients....
Jonathan Rochford
Narrow Road Capital
Fixed Income

How to earn income from property while minimising the risks

Commercial Real Estate Debt is widely accepted as an asset class in the institutional and wholesale investment sector. Over the past ten years, Qualitas has created a...
Tim Johansen
Qualitas
Fixed Income

Complexity Premia on Trade War

We have a special episode of the Complexity Premia podcast out today on the Game of Thrones-style battle between Presidents Trump and Xi over trade, which is...
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Christopher Joye
Coolabah Capital
Fixed Income
Sponsored

Regular income, attractive returns & diversification

The search for income is no easy task in a world of low rates. And while many investors, particularly those nearing or in retirement, may skew their portfolio towards...
Livewire Exclusive
Livewire Markets
Fixed Income

Equity-like returns with lower volatility

Income helps provide a stable source of returns. Capital Group developed the Global High Income Opportunities strategy (GHIO) 20 years ago. Within this strategy, we...
Matt Reynolds
Matt Reynolds
Capital Group
Fixed Income

Maximising the return on a relationship starts at origination

The process of banking often relies on the development of an ongoing relationship between the bank and the borrower. This relationship not only provides the bank with...
Clive Smith
Fixed Income

A safer place for income in a world of lower returns

In today’s investment world there is so much choice available to investors when seeking to generate income. One proven investment strategy that is designed to provide...
Paul Chin
Jamieson Coote Bonds
Fixed Income
Sponsored

A dynamic, active and diversified income stream

The Perpetual Credit Income Trust is an ideal way for investors to access a dynamic, highly active and high-quality investment strategy, diversified across a broad...
Perpetual Asset Management Australia
Perpetual Asset Management (Australia)
Fixed Income

Trading Trump’s Trade War

After consulting numerous Chinese and US intelligence, defence and political experts, I believe the probabilities have shifted materially from the benign modal case in...
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Christopher Joye
Coolabah Capital
Fixed Income

Tech Wreck 2.0 and Debt Wreck 2.0 are coming

George Bush once famously mangled the old saying, “Fool me once, shame on you; fool me twice, shame on me”. Whilst it’s embarrassing watching the video of him try to...
Jonathan Rochford
Narrow Road Capital
Fixed Income
Sponsored

One asset class that passed the recent stress test

2018 was tough for most asset classes with the blowtorch being applied in the final quarter of the year. While markets have rebounded in 2019 the volatility provided a...
Livewire Exclusive
Livewire Markets
Fixed Income

One way to yield more from bonds than equities

Given the expectation of increased volatility at this later stage of an expansion, we see global fixed income as playing an increasingly important role in providing...
Robert Mead
PIMCO
Fixed Income

The pros and cons of high yield bonds

One of the unlikely outcomes from what we now might call the “franking credits scare” that dominated the election campaign has been the realisation among many...
Elizabeth Moran
Elizabeth Moran
Elizabeth Moran Consulting
Fixed Income

Telling the debt story in an equities world

Seeking to list a commercial real estate (CRE) debt fund in Australia was never going to be easy. As well as the normal vicissitudes that any transaction faces, one of...
Andrew Schwartz
Qualitas
Fixed Income
Sponsored

What to hold and what to fold if markets take a tumble

On a recent visit to Sydney we spoke with Vivek Bommi, Senior Portfolio Manager at Neuberger Berman, about the types of companies that he is most comfortable holding...
Livewire Exclusive
Livewire Markets
Fixed Income
Sponsored

How to get stable income in a low-yield world

As many investors approach retirement, stable income can be increasingly hard to find in what can only be described as a low-yielding world. But what many investors...
Livewire Exclusive
Livewire Markets
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