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...
The US Fed held rates overnight. In this brief Q&A, Robert Tipp, Chief Investment Strategist & Head of Global Bonds, PGIM Fixed Income reviews the FED performance and believes now is a strategically good time to buy bonds.
How do you rate the success of the Federal Reserve up to...
Jerome Powell, the FOMC and most investors must be feeling a bit like this after the latest US inflation data:
Fears of an inflation resurgence earlier in the year have been allayed somewhat. Annual inflation edged back down from 3.5% to 3.4% in April, and core inflation (which strips out...
The Paris Olympics may be just around the corner, but bank-subordinated debt is the hottest ticket in town right now with investors queuing up to get a slice of the action.
ANZ is the latest bank to tap the domestic subordinated debt market. Spreads continue to contract at pace as...
In anticipation of this week's Fed meeting we publish some insights below from Dr. Stephen R. Foerster CFA, award-winning author, and professor of finance at Ivey Business School at Western University in London, Ontario, Canada.
There are always winners and losers when there is a change in interest rates....
Recently, I’ve been looking at funds that have returned 10% plus in the last 12 months in the articles Two Fixed Income Funds Return 10%+ Over Last Year and More Fixed Income Funds Join The 10%+ Return Party.
Concurrently, I’ve been doing some research on emerging market investments, using our...
Part of an insight article from Ardea Investment Management.
1Q22 saw a historically large sell-off of bonds. A lot of policy tightening is now priced in but there are still substantial risks to the outlook for bonds.
Historically poor quarter for bonds
Sovereign bonds underperformed significantly in March, capping off an...
US inflation came in higher than expected overnight, with prices climbing 8.3% compared to a year ago. The acceleration points to a stubbornly high cost of living for Americans and increases the likelihood of another 75 basis points rise to the US Federal Funds rate. In this piece, Seema...
From Seema Shah, Chief Global Strategist, Principal Asset Management:
Several characteristics of the U.S. Treasury yield curve highlight the heightened risks to the economic outlook in 2023. With the 2y10y yield curve at its most inverted point since the 1980s, and the U.S. Federal Reserve determined to further tighten monetary...
Following yesterday's RBA rate hike, Mutual Limited CIO Scott Rundell shares his post mortem:
The RBA surprised markets by hiking the official cash rate an additional +25 bps to 3.85% yesterday, and released a particularly hawkish statement. Markets and rates pundits alike were expecting another pause given the RBA’s prior...
