interest rates

While supportive monetary policy continues to be a positive for equity markets in the short term, the commencement of tapering will drive vastly divergent returns, at...

Inflation at 4% is transitory, but with a tight supply chain, inflation might settle higher than 2% next year. The risk of U.S. Federal Reserve (U.S. Fed) tapering by...

We're living the charmed life in markets and we don't even know it. COVID-19 has accelerated the growth and uptake of technology, and companies are reporting record...

In the AFR I write that the most daunting challenge Australia’s central bank boss, governor Philip Lowe, faces is surmounting the formidable slopes of what is...

One of the key areas of focus during March was the strength of the residential market. What a difference six months has made! Back in September 2020, market...

At the recent Heathcote Meet the Managers roadshow, 13 investment managers presented, and it was surprising that almost every single presentation in one way or another...

How do you spot the coming shift from growth to value? Ride the winners. That’s the obvious investment strategy favoured at the end of a cycle. It’s easy, really. Just...

Abnormally low-interest rates have been the most important factor governing financial markets for more than 10 years. Initially, these rates rescued debt markets....

A recent magazine cover highlights the current mood in stock markets. The collapse in March seems like a distant memory given that most stock market benchmarks around...

Melbourne Cup Day 2020 will be memorable for a few significant reasons: First, because of COVID restrictions there will be virtually no one at Flemington racecourse...

Sitting on the desk of Reserve Bank of Australia Governor Philip Lowe most days when he arrives at work are letters from the public. Many are from retirees who have...

Before COVID-19 hit, Nucleus Wealth launched an Australian property calculator. The idea I wanted to illustrate is that house prices are very sensitive to interest...

Do today’s minuscule rates of interest justify stock markets’ sky-high valuations? Bulls often imply – and sometimes boldly assert – that they do, and mainstream...

Ground hog day continued in markets over July, with many countries experiencing stop, start, stop outcomes on Covid-19 progress. Countries that are targeting...

With Aussie bonds in high demand across the world, a growing demand for a more aggressive fiscal response from the Australian government, and a rise in COVID-19 cases...

Remission or relapse? Inevitable pain for some as government support is unwound and forbearance runs out. Global markets favour central banks, for now There is no...

Hamish Douglass, Chairman and Chief Investment Officer, spoke with Janet Yellen, the most recent former chair of the Federal Reserve, and an adviser to Magellan, about...

Today we turn our attention to an emerging issue faced by both institutions and investors alike: finding income in the zero interest rate environment that could last...

Government bonds issued by the world’s major advanced nations are the safest asset that can be held in a portfolio. They have also provided respectable returns, and...

Before I dive into this, it’s important to understand why people are starting to think about the idea. The Fed Funds 12 contract (FF12), which is the market’s...