bonds

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...

Halfway through a year that will get recorded in the history books as epic and ironically it feels like we have come to a fork in the road as governments, central...

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...

Global stocks have staged a relentless rally in recent months even in the face of arguably the worst economic conditions since the Great Depression. While there are...

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...

In the latest episode of the Complexity Premia podcast, Ying Yi Ann Cheng and I discuss a range of topics including: What has driven market performance over April,...

The bear market bounce or relief rally continued through May but might be showing signs of losing momentum. The rally in April came after the initial shock of the...

In March, the U.S. Federal Reserve moved to prevent a coronavirus-induced downturn by promising to set up an entity to buy corporate bonds and ETFs, including junk...

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...

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...

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...

In the AFR this weekend, I write that many investors who exited assets in March, or who felt they profited from the catastrophic price falls in the first few weeks of...

Bond markets aren't buying into the optimism seen in equity markets in any way, shape or form. So while the S&P500 index gained 4.5% in May, bonds didn't move much at...