government bonds

Macro
Charlie Jamieson

Global trade data has been slowing rapidly over 2019, but last week’s US employment report was a dire warning, and can expedite the US Federal Reserve (the Fed) towards rate cuts later this year. US employment was weaker at a headline level, with revisions and average hourly earnings also slipping... Show More

Jonathan Rochford

At this time of year many investors look back on the returns achieved in various asset classes in the previous year and reconsider their asset allocations. In 2018, Australian government bonds (+5.2%) soundly beat the ASX accumulation index (-2.8%). The gains for government bonds were driven by yields falling, with... Show More

Charlie Jamieson

Credit is smouldering right now. When that smoke becomes fire, the door becomes a key hole and only the first few get through. The rest get burnt. Holding credit risks with your equity holdings into 2019 and 2020 seems mighty dangerous. Don’t get barbequed this season. Show More

Fixed Income
Gopi Karunakaran

As global expectations of rising interest rates and inflation begin to become more mainstream, investors are wise to pause and reflect on what this means for their overall portfolios. Against this backdrop, both long-term and more recent data strongly suggests that simply holding passive allocations to government bonds may not... Show More

Angus Coote

Going into expected US Fed rate hikes, most investors would assume that long-dated bonds will likely sell off considerably. Contrary to what popular media commentary would suggest, long-dated bonds are unlikely to move very much at all. In fact, history suggests that long-dated bonds often rally once the Central Bank... Show More

PM Capital

PM Capital income securities portfolio manager Jarod Dawson believes the value of 10-year US government bonds could fall more than 20% because the US economy is doing a lot better than most people think. While a strong US economy is good news for most, the accompanying hikes in US interest... Show More