Market Thinking

making sense of the narrative

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Tag: Bonds

AFR Article

The great bond bear market is long overdue Every month or so we contribute something on markets to our friends at the Australian Financial Review. Given it is behind a paywall, many of our readers – and especially those outside Read more…


Headline numbers hide the hits

The first few weeks of January have been as ‘bad’ as December was ‘good’, but much of this is a confusion between the headline numbers dominated by the megacaps and the reality beneath the surface, which is one of considerable Read more…


January Market Thinking

Traditionally, Year Ahead pieces tend to take the form of a laundry list of predictions about ‘key market variables’, alongside some narrative to support why these might be slightly above, or slightly below, the consensus. Sometimes, the predictions are deliberately Read more…


The Real Problem with Bonds

As the title implies, this short series of posts addresses four important and inter-related problems with Wealth Management and by extension Asset Management and in conclusion offers a Solution. The article in the FT (Global bond markets on course for Read more…


Market Thinking March

Rotating out of long Duration Assets March is a key month for most asset allocators, as the options expiry on the third Friday of the month is one of the first major opportunities to ‘reposition’ portfolios by putting on new Read more…


The Great Bond Reset?

The post below is the outline text sent for an article in the Australian Financial Review (AFR) looking at the triple threat faced by bond markets. As our recent posts have suggested, we see Bonds as the biggest short and Read more…


Rotations and Trend Changes

The $ has lost momentum, as have the major $ bond indices, all of which have had a tremendous run year to date, suggesting profit taking as year end starts to come on the radar. Also very interesting to note the continued unwind of the momentum over value trade in Equities (click on header for more)