high yield

Fixed Income
Elizabeth Moran

One of the unlikely outcomes from what we now might call the “franking credits scare” that dominated the election campaign has been the realisation among many investors that they need to look further for income.Many investors have yet to fully explore bonds, especially high-yield bonds. A high-yield bond is one... Show More

Christopher Joye

Notwithstanding the franking debate last year, ASX hybrids were the second-best performing asset-class behind long-dated government bonds in 2018 with an attractive 4.9% gross return, smashing the AusBond Floating-Rate Note Index (2.3%) and the Aussie equities market including dividends (down -3.5%). Show More

At the end of 2018 the US Federal Reserve backflipped on their plans to continue hiking interest rates. Why? Well to put it simply, it seems that they underestimated the effects that tightening monetary policy would have across asset markets. Show More

Brett Craig

It has been a very active half year in the Australian Alternative Finance (AltFi) market. Since my previous wire on the key themes expected for 2018, the market has continued to grow and evolve. The themes were: 1) Continued Growth, 2) Consolidation of Lenders; and 3) Transparency via Listings. Show More

Fixed Income sponsored

Once upon a time, the high yield bond market was for speculative companies and investors. Today, the market is where Virgin, Netflix and Hertz raise capital from institutional investors. In this short interview, Vivek Bommi from Neuberger Berman discusses how perception is still catching up with reality in this fast... Show More

Jonathan Rochford

You know it’s late in the credit cycle when credit investors give away their key protections in return for just a little more yield. This acquiesce comes in different forms, including higher levels of leverage, longer dated debt, subordinated debt and weakened or eliminated covenants commonly referred to as “covenant... Show More