Fiscal is the new black ( …until the bond vigilantes return )
Government bond markets are now at the precipice of a paradigm shift.
Extreme volatility; where can investors take shelter?
In a market where every asset class seems to be at the mercy of volatility, investors are left wondering if there are any real safe havens anymore.
Household wealth and its hidden exposure to the housing market
The average Australian household’s wealth may be even more exposed to the housing market than many people realise.
Repo dislocations – a case study in market inefficiency
The ‘repo market’ – has received an unusual amount of attention since the latter part of 2019.
Market inefficiency is a growing opportunity in fixed income
Fixed income market inefficiency creates a vast and diverse range of mispricing opportunities that ‘relative value’ specialists can exploit.
Are illiquid bonds the ‘WeWork’ of the fixed income world?
Providing the ability to transact freely and liquidity plays a big role in how confident you can be about an investment’s valuation.
The push and pull on bond yields
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.
Compensation for credit risk is poor
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?
Hidden liquidity risk in fixed income portfolios
Liquidity is one of those things that doesn’t get much focus until it’s too late.
Yes inflation is low, but that’s already heavily priced in
Recent inflation readings in Australia and the US have reinforced the strong consensus view that inflation will remain very low for a long time.