bonds

It's a relatively unknown asset class locally, but convertible bonds, which combine characteristics of both equities and bonds, held up remarkably well during the...

ASX listed debt trusts are trading at material discounts to the value of their underlying assets, which presents potential opportunities for investors to derive...

The last 30-40 years has seen a dramatic shift down in interest rates for much of the developed world. For example, the ten-year government bond yields in Australia...

As a manager of high grade bonds, we are quite amused to see so many comments of late regarding bonds and yields, making it difficult for investors to distinguish...

They say justice is slow as well as blind: ‘Justice limps along but gets there in the end’ - Gabriel Garcia Marquez. Trends in financial markets can be like that,...

I’m often asked why I'm fixated on bonds rather than following the herd with shares and cash. I blame this fixation on my age and sentiment. I am also a control...

When COVID-19 hit Australia in March, credit spreads across the whole investment grade bond market responded by migrating wider and prices headed lower. We saw this as...

I’m often surprised how many investors take no notice of what is securing their money (aka collateral), when they happily lend their life savings out to any Tom, Dick...

August was a horrible month for anyone carrying interest rate duration risk with the benchmark AusBond Composite Bond Index suffering a decent -0.42% loss in the month...

So you're considering investing in bonds now you know a little more (click this link to see our first Livewire article on An Introduction to Bonds) - but don't jump...

In the AFR this weekend I write that it now appears Victoria’s tragic second wave peaked around July 31. In early July we started applying our internal forecasting...

Despite the recent sell-off, the promise of highly stimulatory monetary policy from the US Federal Reserve is the dominant force driving bond market yields today. The...

High grade sovereign (or government) bonds remain as relevant as ever in an uncertain and complex market environment. Today’s bond yields are indeed low, and some...

After somewhat of a slow start to the year, bond issuance has gathered momentum. While this has been mainly led by governments and financial institutions issuance,...

Cash and shares appear to be the only 2 asset classes I seem to hear about in my travels and discussions with investors of all persuasions. There are actually 5...

Ground hog day continued in markets over July, with many countries experiencing stop, start, stop outcomes on Covid-19 progress. Countries that are targeting...

Presenting recently on the state of the market and its behaviour, I was asked about some of the most risky elements currently at play. I’ve written previously about...

Following on from our assessment a month ago about the likely path of a post COVID-19 recovery, we update the recent macro data and look at bond market options. ...

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...

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...