From asset manager Wellington Management
The nature of economic cycles is changing. Domestic output gaps are expected to be far more important in determining inflation in a particular economy than has been seen over the past 20 years of globalisation. Markets and central banks will take time to adjust, but...
By Michael J. Bazdarich, PhD, Product Specialist at Western Asset Management
US inflation today is the worst since that of the late-1960s and 1970s, but the current experience differs from that previous period in important respects. Unlike 55 years ago, the current inflation has emerged without any true boom in...
BetaShares' chief economist David Bassanese responds to the suggestion that The Reserve Bank should face its first independent review in 40 years under a proposal from the OECD, which says it is time to address the central bank’s failure to meet key economic targets in recent years and deal...
From Bell Potter
ANZ announced the offer of a new Additional Tier 1 (AT1) capital security, being ANZ Capital Notes 8 (ASX:AN3PK), to raise ~A$1bn on 15 February 2023. The ensuing margin bookbuild on 22 February 2023 was heavily subscribed and resulted in an early closure of the book with...
If you are thinking about investing direct, then there are a number of factors you’ll need to assess.
While many of the metrics will be similar to shares, they are some important differences. For example, growth is a crucial assessment when investing in shares. However, bondholders do not care if...
Each month Fixed Income News Australia provides a wrap of all the latest bond issues and changes from around Australia.
Economic data
No RBA meeting in January, the cash rate remains at 0.75%
Devastating bushfires across five states, the Insurance Council of Australia says $800m in claims since September and...
Bullish on bonds as new paradigm emerges. By Gregory Peters, Co-Chief Investment Officer PGIM Fixed Income
The end of the Great Moderation is introducing an era of volatility in growth and inflation. Investors are adjusting to the contours of the new global paradigm, but ultimately, a new regime of higher...
By Mitch Reznick, CFA; Robin Usson, CFA; and Sophie Demare of Federated Hermes
After record issuance in 2021, the Green, Social, and Sustainability bond market (GSS) has grown to a market capitalisation of just under US$2 trillion. The fastest growing security type in this market is the sustainability-linked bond (SLB)....
In trying to absorb the “new normal,” capital markets have re-priced assets in ways that create a more balanced picture between equity, fixed income and alternative options, according to Stephen Dover, head of Franklin Templeton Institute.
According to Dover: “In a recent discussion, the Franklin Templeton investment managers broadly agree...
Amundi’s Global Investment Committee recently published an excellent paper on investing in second half 2022. Here we republish its Top Convictions, as well as its central and possible alternative economic scenarios. While covering multiple asset classes, we focus on the fixed income elements, including their Fixed Income suggestions.
Top Convictions
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