Yesterday
Markets lock in pre-Christmas rate rise
Bond traders are certain of a cash rate increase by Christmas, implying a 50 per cent chance of a follow-up move.
- Cecile Lefort
This Month
Cloudy economic outlook causes chaos in safe haven bonds
Ten-year US Treasury yields breached 5 per cent again before crashing, as investors reposition bets amid a muddied economic picture.
- Cecile Lefort
- Opinion
- Federal Reserve
The Fed pivot that turbulent Treasuries need
At a minimum, US policymakers need to shift from backward-looking data to combining data dependency with a clearly articulated economic vision.
- Mohamed El-Erian
ASX to fall, weak $A worsens oil pain, rate hike fears
Australian shares are poised to fall 0.9 per cent at the return to trading on Monday, after suffering their worst week in four weeks amid the MidEast conflict.
- Updated
- Cecile Lefort and Ronald Mizen
Treasury yields decline after 10-year fails again at 5pc
After being spurred to the highest levels since at least 2007 this week, most US government bond yields were lower.
- Elizabeth Stanton and Ye Xie
Oil, bond yields soar on Middle East turmoil and rates anguish
Oil prices inched closer to $US100 on fears of supply disruption and the US 10-year bond yield broke 5 per cent on the belief that rates will stay high.
- Cecile Lefort
Rising Middle East tensions advance bond sell-off
US and Australian bond yields soared to a decade high on growing concerns about the Israel-Hamas war spreading, taking the $A close to a one-year low.
- Cecile Lefort
Investors rush to 31-year Aussie bond paying ‘attractive’ 5pc yield
The Australian government extended its debt profile with a heavily oversubscribed $8 billion 2054 bond sold at home and overseas.
- Cecile Lefort
Westpac’s Ellis says RBA clues could point to tightening
Ex-RBA official, now Westpac economist, Luci Ellis believes the language changes in the RBA’s October minutes mean it may raise interest rates again.
- Cecile Lefort
- Opinion
- Chanticleer
Howard Marks just said the most dangerous words for investors
The Wall Street icon has made one of the biggest calls in his career by predicting those who “confuse brains and a bull market” might be about to suffer.
- James Thomson
- Opinion
- Bonds
Why the rush to safe haven assets isn’t likely to last
The question for investors is how to make sense of the volatility arising from the tension between the higher-for-longer interest rate environment, and capital flows to assets deemed safe during times of turmoil like war.
- Chris Dickman
Wild bond market moves show loss of anchors
The rout in the US government bond market can be attributed to the absence of all of its anchors, according to Mohamed El-Erian.
- Isabelle Lee and Jonathan Ferro
Treasuries’ best day since March driven by signs Fed may be done
Investors are starting to bet that the worst ever rout in the US bond market might be coming to an end.
- Ruth Carson and Garfield Reynolds
- Analysis
- Investing
Oaktree’s Rosenberg says credit will trump equity returns
High-yield bond manager David Rosenberg says we’re in a rare situation where investors can earn sharemarket-like returns from buying corporate debt.
- Jonathan Shapiro
House price rally not sustainable, warn economists
Many have pushed back expectations that the housing supply shortage, high immigration and a peak in interest rates will continue to support property prices.
- Cecile Lefort
- Opinion
- Bonds
10 of the best opinion reads from this week
A fresh mess in US politics will do nothing to take the heat out of surging bond yields, and the ripple effects have clearly spread to Australian equity and currency markets.
- Opinion
- Bonds
Why the shift in the US yield curve means investors need to be nimble
The Fed is likely to start cutting rates in the next six to 12 months. But nothing is certain – which is why investors need to take a defensive stance.
- Vimal Gor
- Opinion
- Inflation
The 5pc bond market means pain is heading everyone’s way
The era of free money is over and everything from housing to mergers and acquisitions are being upended.
- Chris Anstey, Thyagaraju Adinarayan and Jack Sidders
Pundits see no let-up in savage US bond sell-off
Ten-year bond yields climbed to 16-year highs on expectations of “higher for longer” rates, and there is speculation they could top 7 per cent due to sticky inflation.
- Cecile Lefort
- Analysis
- Bonds
Bond heretics, not the vigilantes, pose biggest risk for yields
If the reasons for owning government debt can no longer be taken for granted, managers may question owning any of it at all, no matter what the price.
- Simon White
