Inflation Linked Bonds 101
We explain the mechanics of inflation protection and how to identify relative value opportunities.
Insights
Vanishing yield cushions and the asymmetry of duration risk
It is widely assumed that government bonds are inherently ‘safe’ investments but this assumption is no longer so reliable.
Liquidity lessons from March
Liquidity often gets little attention until something goes wrong … and in March 2020 things certainly went wrong.
Fiscal is the new black ( …until the bond vigilantes return )
Government bond markets are now at the precipice of a paradigm shift.
Extreme volatility; where can investors take shelter?
In a market where every asset class seems to be at the mercy of volatility, investors are left wondering if there are any real safe havens anymore.
Where to find truly uncorrelated returns
For several decades now, the correlation between asset prices has generally been increasing.
How to reduce the risk of a portfolio
In this Livewire video, Dr Laura Ryan discusses a strategy that can produce returns regardless of whether interest rates are rising or falling.
The misuse and abuse of correlation
If used improperly, statistics and the graphical representation of those statistics can be misleading.
Bond yields can be misleading
How can a negative yield bond deliver a positive return, or a positive yield bond deliver a loss?
Household wealth and its hidden exposure to the housing market
The average Australian household’s wealth may be even more exposed to the housing market than many people realise.