Is the global interest rate “pause” here? By Matthew Macreadie, Income Asset Management
Communications from many central banks are trending that way: The Federal Reserve Governor Christopher Waller said the policy is “well-positioned”, while Bundesbank President Joachim Nagel said the inflation outlook is “encouraging”.
Futures markets are almost unanimously signalling we...
While the capital cycle fuels the engine of progress, it can also create excesses and inefficiencies.
The risks associated with many technology companies today are avoidable, yet investors are focused elsewhere.
While they are not nearly as exciting as technology or AI, industries that are supply constrained, with...
By Peter Sheahan, Director - Money Markets, Curve Securities
In the pre-Covid era, inverted yield curves were highly predictive of an eventual recession. This is not proving to be the case post-Covid. Inverted yield curves no longer slow the economy as effectively as they used to.
The yield curve has been...
From Thinktank's business development manager, Lauren Ryan
The non-bank lending market has been garnering consistent headlines in recent weeks, as growing economic divergence puts the focus once again on credit quality. As it is with most professional service businesses, finding an area of specialisation and knowing your client better than...
By AXA IM’s CIO, Chris Iggo
The “year of the bond” moniker is most relevant to credit markets. Bond yields rose in 2022 and credit spreads widened, therefore providing corporate bond investors with attractive entry points. For those who took advantage, the total returns have been strong. Generically, US investment...
By Arif Husain, T. Rowe Price Head of International Fixed Income and Chief Investment Officer, Fixed Income
The massive tightening of financial conditions since late 2021 has produced a fixed income market vastly different from the stimulus‐fuelled environment during and following the pandemic. The crosscurrents generated by these changes will...
Capital Group’s Jared Franz, Robert Lind and Pramod Atluri dissect the outlook for the global economy in 2024.
Under the weight of elevated inflation and high interest rates, the world’s major economies are diverging. Surprising resilience in the United States, Japan and India is helping to boost the global economic...
By Bruno Bamberger, Senior Solutions Strategist at AXA IM
Money market and short-dated (one-to-five-year) bond yields are the highest they have been since the end of the 2008/2009 global financial crisis (see chart below).
Institutional investors may understandably be tempted to allocate more to these strategies – not just because of...
Late November, the Australian Securitisation Forum (ASF) held its annual conference in Sydney. Asset Backed Securities (ABS) are much loved by institutional investors but not well known by others. Here’s an abridged discussion from the conference with five panelists:
Peter Riedel from Liberty Financial
June McFallon from Allied Credit
...
