How can a negative yield bond deliver a positive return, or a positive yield bond deliver a loss?
The average Australian household’s wealth may be even more exposed to the housing market than many people realise.
The ‘repo market’ – has received an unusual amount of attention since the latter part of 2019.
This article outlines why a relative value approach is a compelling alternative to traditional fixed income investing.
Liquidity, like the plumbing in your house, gets little attention until something goes wrong.
Providing the ability to transact freely and liquidity plays a big role in how confident you can be about an investment’s valuation.
The collapse in global bond yields has delivered large windfall capital gains however it has come at the cost of a vanishing yield cushion.
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.
A common way to think about bond yields is to view them as a cushion that protects bondholders from the potential negative effects of duration risk. As bond yields have now collapsed to very low levels, that protection from duration risk has vanished.
In this nabtrade podcast, Gopi Karunakaran discusses alternative types of fixed income and the key risks investors should be considering.