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)


MORE ON



2 topics

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

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.