Markets wake up to China risk
We’ve been noticing early warning indicators of China risk flaring up and those risks have now become real.
Insights
Livewire Exclusive – 2018’s most crowded trade
Tamar Hamlyn discusses inflation with Livewire and if this is about to change.
Early Warning Indicators
Continuing the theme of tightening liquidity, Italian govt. bond markets are noteworthy as an early warning indicator.
Bond issuance to underpin rising market opportunities
Following the budget announcement, we discuss why the current environment places Ardea IM well to continue to identify and exploit inefficiencies in fixed income markets to generate positive investment outcomes for our investors.
QE winners become QT losers
We’ve noted previously that the transition from Quantitative Easing (QE) to Quantitative Tightening (QT) is one of the two important paradigm shifts currently taking place in markets.
Wages, Wages, Wages
Despite strong domestic job creation, wage growth in Australia remains subdued and is part of the reason we believe the RBA’s policy tightening cycle will lag the US.
One Measure of Fixed Income Risk is at GFC Levels – Should Investors be Worried?
Tamar Hamlyn discusses the current environment of tightening global liquidity and increasing government bond supply, which is having a knock-on effect on domestic liquidity.
Corporate Bonds – More Risk for Less Return
Credit spreads over government bonds should compensate investors not just for default risk but also for other risks such as illiquidity. Gopi Karunakaran discusses how corporate bond markets are currently not providing sufficient compensation for growing illiquidity risk.
Livewire Exclusive – Two asymmetric opportunities
In a Livewire Exclusive video, Gopi Karunakaran discusses how investors make good decisions when uncertain about the future.
Is It Really That Simple?
It’s our view that there is a paradigm shift currently taking place.