Author Archives: Richard Woolnough

About Richard Woolnough

Years in the bond markets
30
Specialist subjects
Government and corporate bonds
Likes
Running, cycling
Heroes
Mohammed Ali, Winston Churchill

The reversal of Operation Twist and ramifications for the yield curve

Bond Vigilantes 26/04/2018  

The flattening of the yield curve is carefully watched by investors as it is traditionally a good indicator of an economic slowdown. However, we always need to question conventional wisdom,… Read more »

Is this a turning point for bonds?

Bond Vigilantes 24/01/2018  

My view is that the US economy is nearer to overheating than slipping into recession. The strength of the US economy is typified by the labour market in many ways…. Read more »

In a QE adjusted world, bond indices look very different

Bond Vigilantes 09/11/2017  

Investing in public securities, whether equity or debt, is driven by two primary desires; firstly a need to save for the future, and secondly the requirement to see these savings… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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President Trump will be good for the transmission mechanism of animal spirits

Bond Vigilantes 17/01/2017  

The world will soon turn to the inauguration of Donald Trump. For at least the next four years, global investment markets will be focusing on his Presidency. This is always… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Unconventional interest rate tightening underway in the US economy

Bond Vigilantes 08/11/2016  

Last week, the Federal Open Market Committee (FOMC) decided that despite low unemployment and a sustained increase in breakeven inflation… Read more »

With zero yields, the advantages of bonds over cash are gone

Bond Vigilantes 13/09/2016  

When investors buy or sell financial assets they try to analyse likely outcomes. This basically revolves around three main issues. What is the capital upside? What is the capital downside?… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


FOLLOW US