bondcano – Vertium Asset Management

The real danger lurking in the shadows

Sam Cole — Mon, 16 Apr 2018 02:57:44 +0000

JASON TEH | While many investors fret about bonds or bond-like proxies from rising interest rates, the real danger lurking in the shadows is the prospect of rising risk premiums. Interest rates globally have already normalised and maybe there is a little more to go. And today bond-like stocks already have wide risk premiums. But […]

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Defensives: perception v reality

Sam Cole — Wed, 11 Apr 2018 05:50:27 +0000

JASON TEH | Are Australian bond-like proxies going to suffer a bondcano moment? Certainly, stocks that have defensive characteristics have been sold down in recent months. And bond bears would have it that they are collateral damage from rising US yields. However, we believe this is a false narrative. Hence, we need to go back […]

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Run for the hills… interest rates are exploding

Sam Cole — Fri, 06 Apr 2018 05:55:42 +0000

JASON TEH | …Or that is what some equity pundits masquerading as bond experts want you to believe. They predict that a ‘bondcano’ of rising interest rates will lead to collapsing prices for bonds and bond-like proxies. Over the last few months, this hype about rising global interest rates reached fever pitch due to: US […]

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