Expect Winners and Losers in Last Window of 2020
Unlike the past six months, where nearly all new deals performed well in the secondary market, from here on in that is far from guaranteed. Expect winners and losers.
Insights Topic
Government Bonds
Multi-Sector Bond Quarterly Update – October 2020
George Curtis discusses Q3 performance for credit markets and provides his outlook for the rest of the year.
Will The Latest Dip Be Bought?
Overall, in our view there may be some temporary volatility ahead which investors can try to sidestep or even take advantage of, but it’s probably not worth trying to be too cute as our medium term outlook is still constructive.
Government Debt Has Exploded. Does It Matter?
Given most countries are going through the same issues and their fiscal expansions are justified, the relative value has not changed that much.
Strategic Income – Quarterly update – July 2020
Partner and Portfolio Manager Eoin Walsh discusses Q2 performance for the Strategic Income strategy and provides his outlook for 2020.
Credit Markets Have More Room to Rally
Given the steep, uninterrupted rally we have witnessed since the end of March, we think it is a good time to reassess how much value is left in fixed income markets, if any.
Investors could face another decade of income scarcity
The coronavirus pandemic has brought about perhaps the greatest– and fastest – repricing of risk fixed income investors have ever witnessed.
Primary Bond Markets Escape Lockdown
It has been a positive sign for us that despite lockdowns being enforced in most of the major economies around the world, in the last two weeks several issuers have managed to successfully raise new debt via the primary market.
Panic Eases, But Pricing Peculiarities Persist in Fixed Income
Some of the panic selling has also abated as investors are gradually building their cash piles to desirable levels. However, we are still a long way away from normal bond markets.
More Shock and Awe But One Thing is Missing
The authorities are now rapidly promising huge aid packages, but how do these aid packages find their way to the people that need aid? This is what is missing
Treasuries Offering Good Virus Protection
Perfect timing is practically impossible in situations like these, but one way to tackle this risk is to gradually reduce ‘good’ duration by moving to the shorter part of the UST curve, which would be less sensitive to a move higher in yields.
Strategic Income – Quarterly update – January 2020
CEO and Portfolio Manager Mark Holman discusses Q4 performance for the Strategic Income strategy and provides his outlook for 2020.