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.
Insights
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 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 discuss the slowing global economy and outlook for bonds as volatility remains elevated.
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.
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.
Podcast: Bonds Don’t Need to be Negatively Correlated With Equities
In this episode of the Ardea 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 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.
Podcast: The Ardea Alternative – Foreign Currency Management (Part II)
We discuss the importance of currency management for AUD investors, along with the backdrop created by the regulatory environment in superannuation, particularly the YFYS performance test.
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.