Monthly Market Musings: Consolidation and rising tail risks
Ardea discuss heightened recession risk pricing, consolidation in bonds and why tail risks are substantial in both directions.
Market Insights
Monthly Market Musings: Nowhere to hide
Investors have few places to hide amid a synchronised sell-off in bonds and equities. In this Monthly Market Musings, Ardea discuss recent trends and what could drive a turnaround in bonds.
Monthly Market Musings: Bonds Under Pressure
Ardea take a closer look at the drivers of the historical large sell-off in bonds and discuss the significance of an inverted US yield curve for recession risk and equities.
A Primer on Interest Rate Markets and RV – Part 2: Government Bonds
In this primer, Ardea outline key introductory concepts in government bond markets for relative value (RV) investing.
Monthly Market Musings: Geopolitical volatility and stagflation fears
Ardea outline some broad implications of the Russia/Ukraine crisis for global rates markets.
Monthly Market Musings: Hawks Take Flight
Ardea share their insights on current market themes.
5 Key Themes for 2022
Ardea examines key fixed income market themes for 2022.
Tapering, Tightening and Rising Rates Uncertainty
Ardea examines the market implications of Fed QE tapering and expectations for tightening from other central banks.
What’s driving the bond rally?
Ardea takes a closer look at the drivers of the recent bond rally.
Are interest rate markets pricing an inflation problem?
Market pricing for inflation is near multi-year highs, but with major differences across curves and regions. We discuss the implications and risks for investors of rising inflation expectations.