This session: bond volatility, credit spreads, FX volatility, Japanese government bonds, treasuries, higher for longer risk, bonds return outlook, asset allocation issues...
Fantastic set of charts to keep the 2020s in perspective and with the layering in now of the geo risks and usd debasement, then hedging equity downsides with gold vs bonds has a whole new sense to it.
I have some long term nominal bonds in my portfolio for protection but I am concerned about many years of financial repression ahead of us as governments and central banks try to get debt to GDP ratios under control.
Indexed Linked Bonds is an asset class that intrigued me as it helps to protect against attempts to keep the nominal rate below inflation, but it's not a straightforward asset class to understand.
Perfect timing, 2d more and you could have covered the complete movement around JGB and USD/JPY.
Fantastic set of charts to keep the 2020s in perspective and with the layering in now of the geo risks and usd debasement, then hedging equity downsides with gold vs bonds has a whole new sense to it.
These notes are always interesting Callum.
I have some long term nominal bonds in my portfolio for protection but I am concerned about many years of financial repression ahead of us as governments and central banks try to get debt to GDP ratios under control.
Indexed Linked Bonds is an asset class that intrigued me as it helps to protect against attempts to keep the nominal rate below inflation, but it's not a straightforward asset class to understand.
Hard to predict the future but the risk of the carry trade unwinding shouldn't be taken lightly