Reflation
The consensus is sure that inflation will remain lower for longer. Most remain sceptical that central banks will succeed in their mission to push it higher.
Inflation Linked Bonds 101
We explain the mechanics of inflation protection and how to identify relative value opportunities.
Positive asset correlations and inflation assumptions
Conventional thinking about bond-equity relationships currently poses a paradox – the resolution to this seeming paradox is the changing bond-equity correlation.
QE winners become QT losers
We’ve noted previously that the transition from Quantitative Easing (QE) to Quantitative Tightening (QT) is one of the two important paradigm shifts currently taking place in markets.
Markets Wake Up To Inflation Risk
Inflationary pressures have been building globally and particularly in the US. The rise in breakeven inflation rates over the past two months shows that markets have begun to price this in.
Incoming RBA Governor Philip Lowe’s speech
Tamar Hamlyn discusses recent comments from incoming RBA Governor Philip Lowe on 8 September 2016 on research conducted within the RBA and other monetary policy bodies.
How quickly can you boil a frog? – The case for hedging inflation risk volatility
Recent events have pushed both inflation expectations and bond yields to long-term lows, so should investors still worry about inflation?
Rising inflation and a neutral RBA: what does it mean for fixed income portfolios?
Following recent upside surprises in inflation, and the move to a neutral stance by the Reserve Bank of Australia (RBA), we highlight the likely implications for returns on nominal and inflation protected fixed income portfolios.