government bonds

A flood of new global sovereign debt will affect market dynamics.

Bond yields and earnings yields have converged for the first time since the global financial crisis. Why? Implications for asset allocation.

With central banks near the end of the hiking cycle, it is time to sell equities and buy bonds. Lock in income and protection while you can.

A prospective credit crunch now makes a US recession more likely than not - and that leaves short-dated government bonds attractive.

As central banks close in on their respective terminal rates, bringing the current tightening cycle to an end this year, we look at the trading implications for 2023...

On 30 November, Fed Chair Powell delivered a speech entitled, Inflation and the Labor Market, at the Hutchins Center on Fiscal and Monetary Policy. Markets surged...

After posting very large deficits during the pandemic, Victoria's budget has turned around and continues to rapidly improve, with the state government reducing its...

When markets are heady, it’s hard not to check your portfolio regularly. Each login and click of the ‘portfolio’ tab on your platform offer the promise of splashes of...

The RBA surprised markets by hiking 0.25% in October. The Bank remains hawkish. More rate hikes are set to follow over the rest of 2022. But the RBA’s move to slower...

There is a saying in markets: Don’t fight the Fed. It is a good adage. But sometimes the market gets the Fed's message wrong. The reaction to the Fed’s latest 0.75%...

The quarterly banking statistics from APRA make for interesting reading, and are very easy to misunderstand. Superficially, it appears as if the Aussie banking...

Government bonds were traditionally favoured for their non-correlation to equity markets. But even before COVID arrived on our doorstep more than two years ago, the...

While the sell-off in growth stocks and tech stocks has garnered most of the headlines this year, there’s been a quieter sell-off happening in debt markets....

While media reporting on Victoria's budget has been confusing, it has surprised the market, investors and analysts with material downward revisions to the size of...

Yesterday, APRA released data for the banking system that revealed that balance sheets are growing very rapidly. Specifically, total bank resident loans/leases grew at...

Last week NSW's investment and debt issuance agency, TCorp, announced that it had completed the first $1 billion of its proposed $11 billion of bond buy-backs using...

Commonwealth Bank's recent $4 billion bond is the first big issuance of 2022, and the largest of its type in Australian history. It dwarfs the previous record holder...

There are a bunch of big regime changes in Aussie fixed-income markets that are going to materially change asset-pricing. Our detailed modelling shows banks are going...

Government bonds offer a compelling opportunity for income investors as the world adapts to once-in-a-generation economic challenges and central banks struggle to...

With spreads largely at all-time lows and sourcing real yield proving problematic, asset allocation is challenging for those with constrained mandates. Flexibility in...