Opinion
Given the huge rate rises priced into the market currently, we see value in short to medium term – say 3-5 year – fixed rate bonds. The advantage of fixed rate here is that they capture and lock in those market expectations even though they have not eventuated yet.
Trade opportunities
When there is greater uncertainty and the volatility that comes with it, having a balanced bond portfolio can really dampen the overall volatility of a wider portfolio composed of other asset classes.
Trade opportunities
We look at the benefits of actively managing maturities and early redemptions to get the most out of fixed income portfolios.
General
New issues update
Trade opportunities
Almost daily, there are new corporate bonds being issued into the Australian domestic fixed income market. High yield bonds (either sub-investment grade or unrated) are a subset of that overall corporate bond issuance. FIIG has been the largest originator of unrated corporate bonds.
Trade opportunities
Recent events have managed to do what Central Banks have been struggling to achieve for over 10 years; they have created inflation.
Trade opportunities
The current portfolio has 12 bonds, yields 5.34% indicatively to worst* and is an approximate $200k spend.
General
New issues update
Trade opportunities
Jonathan Sheridan discusses why inflation-linked securities should be in every fixed income portfolio, discussing how these securities protect investors against inflationary pressures while maintaining a steadily growing income flow.
Trade opportunities
The beauty of a well-constructed bond portfolio is that you do not have to care too much about the path and direction of rate rises.