How can a negative yield bond deliver a positive return, or a positive yield bond deliver a loss?
Liquidity, like the plumbing in your house, gets little attention until something goes wrong.
To properly assess performance the underlying drivers of return must be understood, including the types of risk to which a portfolio is exposed.
Fixed income market inefficiency creates a vast and diverse range of mispricing opportunities that ‘relative value’ specialists can exploit.
Providing the ability to transact freely and liquidity plays a big role in how confident you can be about an investment’s valuation.
The collapse in global bond yields has delivered large windfall capital gains however it has come at the cost of a vanishing yield cushion.
2019’s rampant bond rally came to a halt this month as bond yields rose, causing bond prices to fall across most major bond markets.
Following the sharp sell-off in Q4 2018, credit markets globally have performed strongly in 2019. Having seen a big dip, followed by a quick rebound, how are we now left?
Liquidity is one of those things that doesn’t get much focus until it’s too late.
In this article, we will discuss five key risks to fixed income markets for FY20 and explain their relevance to those allocating to fixed income investments.