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Fixed Income

The core of any good portfolio, learn about the key themes and opportunities in fixed interest.

Fixed Income

The Reserve Bank of New Zealand’s (RBNZ) proposed new capital requirements: Does the cost outweigh the benefits?

In late 2018 the RBNZ proposed implementing some of the most conservative capital requirements globally for the NZ banking system. Ironically these proposed changes...
Clive Smith
Russell Investments
Fixed Income

Timing the end of the US cycle

Understanding how the cycle is progressing has been especially difficult in the post-GFC years. The apparent impotence of monetary policy via its traditional credit...
Stuart Dear
Schroders
Expert Insights

Two pathways to performance

Risk assets face an uncertain future as the Fed’s about-turn on monetary policy has left many investors wondering what’s next. However, according to Charlie Jamieson,...
Livewire Exclusive
Livewire Markets
Fixed Income

What credit spreads are telling us

A few quick thoughts on recent credit spread movements in the Tier 2 subordinated bond and the Additional Tier 1 capital hybrid markets. First, the screenshot below...
Christopher Joye
Coolabah Capital
Fixed Income

Five things to know about the corporate debt market

Investors are concerned about the deterioration of corporate debt quality, marked by lower credit ratings and a large share of covenant-lite issuance in the loan...
Kerry Craig
Kerry Craig
J.P. Morgan Asset Management
Fixed Income

What is the capital stack and why does it matter for your investments?

When considering investments, returns are one factor but another is risk. What is the prospect of losing money if things don’t go to plan? This is one reason why...
Tim Johansen
Qualitas
Fixed Income

Magellan: mitigate LIC mis-selling risks

Today I write about an interview this week with one of Australia's most successful and innovative funds management pioneers, Magellan's Hamish Douglass, who says he...
Christopher Joye
Coolabah Capital
Fixed Income

Beware advice recommending conflicted yield alternatives

A column in The Australian over the weekend argued that mums and dads should think about selling their fully franked bank Tier 1 hybrids to buy unfranked Tier 2...
Christopher Joye
Coolabah Capital
Fixed Income

Duration is now an expensive insurance policy

Last fortnight bond yields globally dropped to the low end of recent ranges and reached new record low levels in Australia, driven by a growing consensus view of...
Gopi Karunakaran
Ardea Investment Management
Fixed Income
Sponsored

An opportunity for a defensive income flow

Using shares to generate income is not getting any easier. Thankfully there are other options. In this short video interview, Michael Korber, Head of Credit and Fixed...
Livewire Exclusive
Livewire Markets
Fixed Income

Slow growth and low interest rates have become the consensus view

After fears of rising interest rates and bond market volatility rocked global financial markets last year, the consensus is now swinging back to the low economic...
Gopi Karunakaran
Ardea Investment Management
Fixed Income
Sponsored

Introducing Metrics' Income Opportunities Trust

We are pleased to announce the launch of the MCP Income Opportunities Trust (MOT), to be listed on the ASX. MOT gives you access to private credit investments, bespoke...
Metrics Credit Partners
Fixed Income
Sponsored

A unique way to achieve diversification and generate income

Until recently it has been hard for advisers and direct investors to gain exposure to investments in Australian corporate loans. The asset class offers diversification...
Livewire Exclusive
Livewire Markets
Rapid Fire

What keeps Charlie Jamieson up at night?

Do you remember last year when US 10-year government bonds cracked 3%? I do. Everyone started talking about flattening yield curves, a potential recession in the US...
James Marlay
Livewire Markets
Fixed Income

2018: A taste of what's to come

Livewire recently got in touch with us to tell the story of 2018 in one chart, and how it is instructive going into 2019. Our choice, the 3 Month US Treasury Bill...
Gopi Karunakaran
Ardea Investment Management
Expert Insights

The fire burns out in 2019

The fed is now unwinding the biggest monetary experiment in history, which saw $3.6 trillion of asset purchases from the Fed between 2008 and 2015. This is unknown...
Livewire Exclusive
Livewire Markets
Expert Insights

Death spiral for the housing market

East Coast residential property continues to soften as credit tightens, but in this interview with Charlie Jamieson, CIO at Jamieson Coote Bonds, he warns that...
Livewire Exclusive
Livewire Markets
Rapid Fire

The core of any good portfolio

Fixed interest is a core part of any good portfolio, but just how well is the asset class understood? In this exclusive Q&A with Livewire, Jay Sivapalan, Co-Head of...
Livewire Exclusive
Livewire Markets
Fixed Income

Yield and income – same, same, but different

In recent years, expected returns and income from traditional income asset classes have been low following years of global yield compression. As a result, investors...
CSL
TLS
Rudi Minbatiwala
First Sentier Investors
Fixed Income

Rethinking Fixed Income in Retirement

We have been in a period where financial market volatility has been abnormally low and as such, the focus in fixed income has become overly skewed to how much interest...
Gopi Karunakaran
Ardea Investment Management
Expert Insights

Just how defensive is your portfolio really?

The ‘reach for yield’ has caused formerly defensive portfolios to gradually venture into higher risk assets that could leave them exposed to downturns. As a...
Livewire Exclusive
Livewire Markets
Expert Insights

Just a taste of the volatility to come

Sudden outbreaks in volatility through this year have spooked the equity markets, and investors are questioning if more is to come. We spoke with rate market expert,...
Livewire Exclusive
Livewire Markets
Expert Insights

Why rates will struggle to rise

Chris Rands, Portfolio Manager at Nikko Asset Management, believes that rates are unlikely to rise significantly from current levels. With debt at very high levels...
Livewire Exclusive
Livewire Markets
Expert Insights

Two risks rising in the background

In Australia today, growth is forecast to be around 2.5%, commodity prices are stable, jobs are strong, and inflation is low and stable. But in the background, risks...
Livewire Exclusive
Livewire Markets
Fixed Income

There’s More to Fixed Income Than Just Buying Bonds

In fixed income investing, there are two conventional sources of return that investors are familiar with – collecting interest payments from bonds (i.e. income) and...
Gopi Karunakaran
Ardea Investment Management
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