Short dated fixed rate bonds - this is the value

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.

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FIIG originated bond returns

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.

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