Green securitisation – the ‘green’ paradigm

Bond Vigilantes 26/01/2018  

The global securitised market was valued at $9.8tn at the end of 2016 and, in recent years, some of these asset backed securities (ABS) have made an imprint on the… 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 »

The Venezuelan cash crunch: exporting passports as a palliative?

Bond Vigilantes 23/01/2018  

Venezuela’s cash flow crisis has been well covered. The recent default on its sovereign debt and likely default on the debt issued by its state-owned company, Petroleos de Venezuela SA… Read more »

A tale of two bonds – diverging fortunes for GKNLN 22s and 32s

Bond Vigilantes 23/01/2018  

It was the best of times, it was the worst of times – to phrase it in a Dickensian way – for bonds of British automotive and aerospace components company… 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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Floating rate versus fixed rate high yield bonds.

Bond Vigilantes 19/12/2017  

What are the breakeven scenarios for the next 12 months?
Short term US dollar interest rates continue their march higher… Read more »

BVTV: World Cup 2018 – the DM v EM showdown

Bond Vigilantes 04/12/2017  

Following on from last Friday’s suspenseful draw for next summer’s World Cup in Russia, we thought it would be a good moment to take a closer look at some of… 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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Low yield, low quality, weaker covenants

Bond Vigilantes 28/11/2017  

When investing in companies of a lower credit quality, loss given default risk is the key threat that investors have to assess. Consequently, covenant protection is a crucial consideration before… 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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BVTV: Listed infrastructure – how would the asset class respond to higher interest rates and inflation?

Bond Vigilantes 27/11/2017  

To discuss the impact of higher interest rates, this week on BVTV I’m joined by Fund Manager Alex Araujo. 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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BVTV: deciphering the differences between green bonds, impact investing and ESG

Bond Vigilantes 20/11/2017  

Richard Sherry, fund manager in M&G’s institutional fixed income team responsible for impact investing, joined me for this week’s edition of BVTV to talk through an area of the market… 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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BVTV: Middle Eastern tensions and rising oil

Bond Vigilantes 13/11/2017  

Saudi Arabia, Yemen, Lebanon. The political risk spotlight has swung largely away from North Korea in recent days – despite President Trump’s visit to the region – and towards the… 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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