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Fixed Income

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

Fixed Income

Action in bond markets is not what it seems

The conventional explanation from recent moves in bond markets is that global bond yields are collapsing because investors fear a global recession, triggered by the...
Gopi Karunakaran
Ardea Investment Management
Fixed Income

Doubling capital and compound interest

What is compounding? Albert Einstein is reported as saying that compound interest is “the eighth wonder of the world. He who understands it, earns it; he who doesn’t,...
Dean Italia
Dean Italia
Medibank Private
Fixed Income

Houston, we have a problem

The bond market is often seen as the most accurate indicator of what lies ahead for an economy, or at least what investors believe lies ahead. If the current gyrations...
Livewire Exclusive
Livewire Markets
Expert Insights

3 key property market risks to keep an eye on

While the recent rate cuts by the RBA are perceived as an overall positive for the property market, there are still risks investors should remain aware of. Tim...
Livewire Exclusive
Livewire Markets
Expert Insights
Sponsored

Great returns, diversity and a solid risk profile

Since listing 7 months ago, the Qualitas Real Estate Income Fund (QRI) has given investors access to great risk-adjusted returns through a balanced and diversified...
Livewire Exclusive
Livewire Markets
Expert Insights

A warning for yield-hungry investors

With government bonds yielding around 1%, term deposits paying around 2%, and cash accounts often paying nothing, it’s no surprise that investors are looking in...
Livewire Exclusive
Livewire Markets
Fixed Income

Equity markets run on greed, bond markets run on fear

When the opportunity recently came up to sit down with Charlie Jamieson from Jamieson Coote Bonds for a one on one interview, I jumped at it. He always has a strong...
Patrick Poke
Livewire Markets
Expert Insights

An unparalleled opportunity to invest offshore

A very rare market dynamic has recently appeared, the likes of which has rarely been seen throughout history. Australian rates and bonds, which have traditionally...
Livewire Exclusive
Livewire Markets
Expert Insights

Attractive yield in a sought-after asset class

The engine rooms of Australian commercial property, the office and industrial markets, have been performing well in recent years, providing investors with handsome...
Livewire Exclusive
Livewire Markets
Fixed Income

Complexity premia on bail-in-able debt tsunami

Don't know what "bail-in-able" debt means? Want to understand why the big banks are going to have to increase the global supply of these securities by almost 40%? And...
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Christopher Joye
Coolabah Capital
Fixed Income

US treasury term premium: pricing for disaster

The term premium is the difference between bond yields for a given maturity and the expected path of short term interest rates over the same period. By examining...
Ken Liow
Realm Investment House
Fixed Income

Bail-in-able debt tsunami lands...

Today I write that the “bail-in-able” debt tsunami we forecast last week did not disappoint with two incredibly large "Tier 2" subordinated bond transactions executed...
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Christopher Joye
Coolabah Capital
Fixed Income

Unquestionably stronger - what TLAC means for investors

One of the lessons learnt from the Global Financial Crisis (GFC) is the challenge governments face when using taxpayer funds to bail out struggling banks. Among the...
Ashley Kopczynski
Ashley Kopczynski
Janus Henderson Investors
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
Amova 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
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
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