Is the world ready for this?
Well, what a couple of weeks it has been. Rachel Reeves’ Budget on 30th October, which some may have suggested was a bit different to the pre-election business-friendly rhetoric, almost feels like a distant memory. Just days later and now we have it, Donald Trump has been elected 47th President of the United States – to add to his role of 45th on his CV. Is the world ready? And can you be 47th president as well as the 45th? Questions aplenty!
US election positioning – we could get fireworks!
Everyone’s favourite question at the moment, how do you position into the US election? Here’s what we think for fixed income.
50bps and the bond curve…
The Federal Reserve opened their rate cutting cycle with a sizeable 50bps at the last meeting, which before the planted articles in the FT and the WSJ, had been deemed a relatively remote possibility (after the plants far less so!).
Thames Water and the Temple of Doom
Being invested in Thames Water bonds must be just like being Indiana Jones getting chased by the torrent of water in the Temple of Doom – a rollercoaster ride.
Cocos – a unique flavour combination
High yields with investment grade security mean contingent convertibles can offer investors a unique opportunity in today’s higher interest rate environment – if you have access to expert analysis and execution.
H2Uh-Oh: The Thames Water Saga
It is difficult to open a newspaper recently and not find an article about the much-maligned situation at Thames Water. The company are unlikely to be the next sponsors of the Oxford Rowing crew to be sure. However, it is worth pointing out the back story, how we got here, and explore potential outcomes:
Honey, I shrunk the banks. The case for bank credit over equity
It’s been a really great couple of years for the banking sector – after a decade or more of zero interest policy when every year that went by bank margins fell, suddenly banks have lots of margin to play with as interest rates have risen to more normalised levels.
It’s bond trading, but not as we know it Jim…
If someone had told me the US government would have been denying the shooting down of extra- terrestrials at the start of the year, I would have laughed at them in disbelief!
That’s Asda price
You can almost hear the gasps of those who have recently looked to refinance their mortgages, shocked about the increase in monthly payments they are having to make.
I’m getting 5, 6, 7% in fixed income, at my age I don’t need much else
Somebody said this to me recently and it got me thinking. What is the age of the typical investor and what exactly are they looking for?