bonds

If the world thought 2020 was "unprecedented", then what, my friends, could we describe as the seven months we have seen so far of 2021?  In just over half a year,...

Credit Suisse is bullish on equities over the medium term, despite the "froth" that is clearly disseminating across the market and investor's all-enveloping fear of...

Well, I think we can all agree it's been a strange week. Masks are once again mandatory in New South Wales, borders are shuttered, and travel plans, devastatingly,...

It's been a big week for data out of the US. Inflation numbers and employment figures have led the charts this week, with a few serious surprises in there. Who would...

Recently, the Reserve Bank of New Zealand caused markets to react after announcing that interest rates could be on the rise sooner than expected. The New Zealand...

Overnight, Westpac printed the first monster senior bond deal from a major bank since before the pandemic. We had repeatedly predicted that a major bank would come to...

Our team were chatting recently about the amount of change in markets and economies over the last 12 months or so, and some of the weight of numbers that keep building...

One significant event risk that we have been actively positioning for is a tsunami of senior bond issuance from Australia’s banks as they seek to gradually repay the...

The latest version of Coolabah’s Complexity Premia podcast, hosted by myself and Ying Yi Ann Cheng, is live where we discuss key developments in macro markets,...

Bonds have long been held up as the epitome of defensive asset allocation. For years, government bonds have been the go-to for the investor wanting to make solid...

In the AFR I write that the Reserve Bank of Australia’s Governor Phil Lowe did a sublime job this week of radically recalibrating flawed market perceptions of the...

Jock! Start the Engine! The longer the rout in global bond markets continues, the more difficult it will become for central banks to control. We continue to...

Falling bond rates have helped propel the prices of long-duration assets – like shares, housing and gold – as well as speculative "assets" like cryptocurrency. But, if...

In the AFR today I write that for years we've argued that investors should not rely on the age-old assumption that fixed-rate bonds are a powerful equity hedge. We...

In the AFR today I write that it is one of the worst bloodbaths “long duration” bond lovers have endured since the great crash of 1994, ramming home the interest rate...

Investors' favourite word last year was “unprecedented," but this year “reflation” appears to be on everyone’s lips. For central bankers and investors, breakeven rates...

The furore of the Australian Open outbreak highlighted the reality that COVID-19 may be here to stay, despite the widespread preparation for an uninterrupted 2021. In...

This week the RBA Governor Philip Lowe has delivered his outlook for the year and an additional $100 billion in QE, bringing the total expanded balance sheet to over...

An even-bet chance of a “hot war” with China poses a grave threat to Australian investors and the economy overall, warns Coolabah Capital’s Christopher Joye. “We’ve...

The market adage of January being the barometer for equity market performance for the year will always get tossed around as investors outline their roadmap for the...