High Yield Bond Prices Impact Resource Asset Prices
John Robertson
PortfolioDirect
Heavily oversold markets appeared to stabilise at the end of last week but the primary sources of nervousness remain. Exchange rates and high yield bond prices are two of the key market features having a drag on market outcomes and with an impact on the resources sector – both negative. There are good reasons to use high yield prices as a guidepost to resource sector outcomes. A feature of last week’s market price action was the recovery in high yield bond prices after a sharp mid-week sell-off (along with other assets). This should help consolidate the reduction in resource sector volatility (outside the largest sector companies). This was addressed in this week’s PortfolioDirect investment report: (VIEW LINK)
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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