Market Musings: Stretched to Breaking Point
An already tough year for markets has worsened over the last month. In this latest Market Musings, Ardea IM discuss recent market trends, the UK sell-off, and their outlook for inflation.
Insights
From Macro to Micro: The Implications of High Volatility for Interest Rate Relative Value
Global fixed income markets have experienced a massive correction this year. Aggressive central bank rate hikes, surging inflation and weaker global growth have driven double-digit losses for duration and credit heavy portfolios.
5 Key Questions on Duration
This article offers some frameworks for thinking about duration in the context of current market dynamics and a multi-asset portfolio.
A Primer on Interest Rate Markets and Relative Value – Part 3: Swaps
In this third note in a series of primers, we outline key introductory concepts in swap markets with a focus on relative value (RV) investing.
How are fixed income strategies impacted by the market environment?
In this note, Ardea IM takes a closer look at the risk and performance of major types of fixed income strategies across varying market environments.
Monthly Market Musings: Slowing growth and the elusive inflation peak
Ardea IM discuss the slowing global economy and outlook for bonds as volatility remains elevated.
Monthly Market Musings: Consolidation and rising tail risks
Ardea IM discuss heightened recession risk pricing, consolidation in bonds and why tail risks are substantial in both directions.
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 IM discuss recent trends and what could drive a turnaround in bonds.
Podcast: Bonds Don’t Need to be Negatively Correlated With Equities
In this episode of the Ardea IM Alternative, Tamar Hamlyn and Alex Stanley talk to Dr Laura Ryan about her research paper titled “Bonds don’t need to be negatively correlated with equities”
Monthly Market Musings: Bonds Under Pressure
Ardea IM 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.