bonds

CBA's latest hybrid deal (ASX: CBAPL) looks very expensive, even though it offers a superior 5.79% yield to the franked dividend yield on CBA's shares of 5.51%. Now...

Between Michael Korber of Perpetual Asset Management, John Likos at BondAdviser, and Jay Sivapalan from Janus Henderson, we have featured 85 years of experience in...

I recently stumbled across a daily markets report (by Mark Gardner at Maqro Capital, if you must know) which argued the "extraordinarily dour outlook" for price...

"We are seeing volume declines in every segment around the world" FedEx CEOIn September 2022, the FedEx (FDX) share price tumbled 30% when the company reported a...

In the AFR I wrote that September has been a bloodbath for financial markets, driven by a range of shocks including a more hawkish than expected US Federal Reserve,...

I would have thought the economics field (which was so confident in secular stagnation) would be more vocal about the eventual return to 2% for US 10s, from rates...

The docile bond market of the past 20+ years is gone. As many professional managers, allocators and advisors have been burned this past year, we expected...

With experience comes expertise. Navigating financial markets successfully, over an extended period, requires teams that have seen all market conditions. Teams that...

In anticipation of further rate increases from the Reserve Bank of Australia (RBA), fixed income markets are ‘pricing in’ the current tightening cycle. However, to...

To say it has been a challenging period for bonds would be an understatement. In fact, the first quarter of this year saw the worst start to a calendar year in...

In the AFR I write that this column been much more constructive on risk since late May when we determined that interest rate markets were finally pricing in the...

The last month has seen a rally in global bond markets, after a protracted period of repricing, US 10-year yields down around 32 points to 2.76% as of 9 August. This...

While the Reserve Bank of Australia raised rates by another 50 basis points this week for a record third consecutive meeting in a row, long-term interest rates...

We have consistently forecast a US recession using models that draw on both bond and equity market data. Our preferred bond market model was reporting the highest...

As global markets brace for ongoing uncertainty caused by higher inflation and rising interest rates, bonds offer investors certainty through regular coupon payments...

Let's not sugar coat it, fixed income has been through the wars. It's gotten so bad that some pundits have even dismissed the traditional 60/40 portfolio as being...

There was no reprieve in financial markets in the closing months of the financial year, in fact the losses sustained in bonds and equities in the June quarter were...

After a disappointing budget blighted by heinous conflicts of interest that are costing NSW taxpayers at least $630 million a year, NSW attracted a record $8.9...

It’s time for a new episode of Stocks Neat, the podcast with nothing watered down. In June’s episode of Stocks Neat, Gareth and I discuss a 100-year Austrian bond...

We have now received the big five state budgets and can assess proposed debt issuance relative to what they projected for this coming FY23. The short story is the...