Redefine the opportunity set.
Relinquish conventional attitudes about the role of bonds.
Revise your expectations of a fixed income manager.
Rethink Fixed Income.
Inflation - Linked Bond Report January 2010
Looking Out. Highlights Include: Better payroll and confidence data bring Treasury rates close to yearly highs; Inflation assets outperform in a down bond market, but returns are negative in December; Risk assets continue to outperform, equity, high yield end the year at highs; Correlation between USD and equity breaks down as dollar rallies.
Inflation - Linked Bond Report October 2009
What's Next? Highlights Include: Bernanke pronounces recession "likely over" in mid-September; Stocks rally 15% in 3rd quarter, HY bonds up 23%; Nominal interest rates fall and curve flattens as Fed promises no hike; Real rates fall and curve steepens as the future path of inflation moderates; Commodity/EM currencies appreciate, Dollar slides to 12 month low.
Inflation - Linked Bond Report July 2009
A Market Trapped in Dysfunction: Highlights Include: Risk taking loses steam in mid-June; Commodity prices fade mid-June after year to date surge; Bond markets offer positive returns; Breakeven inflation rates begin to reflect the change in sentiment; for June, linkers still outperform in most markets; Currencies. Yen reappears as a safety value.
Nils Overdahl interviewed on Bloomberg Television on Investment
Opportunities in the TIPS market - October 20th, 2008
Redefine the opportunity set.
Relinquish conventional attitudes about the role of bonds.
Revise your expectations of a fixed income manager.
Rethink Fixed Income.
Inflation - Linked Bond Report January 2010
Looking Out. Highlights Include: Better payroll and confidence data bring Treasury rates close to yearly highs; Inflation assets outperform in a down bond market, but returns are negative in December; Risk assets continue to outperform, equity, high yield end the year at highs; Correlation between USD and equity breaks down as dollar rallies.
Inflation - Linked Bond Report October 2009
What's Next? Highlights Include: Bernanke pronounces recession "likely over" in mid-September; Stocks rally 15% in 3rd quarter, HY bonds up 23%; Nominal interest rates fall and curve flattens as Fed promises no hike; Real rates fall and curve steepens as the future path of inflation moderates; Commodity/EM currencies appreciate, Dollar slides to 12 month low.
Inflation - Linked Bond Report July 2009
A Market Trapped in Dysfunction: Highlights Include: Risk taking loses steam in mid-June; Commodity prices fade mid-June after year to date surge; Bond markets offer positive returns; Breakeven inflation rates begin to reflect the change in sentiment; for June, linkers still outperform in most markets; Currencies. Yen reappears as a safety value.
Nils Overdahl interviewed on Bloomberg Television on Investment
Opportunities in the TIPS market - October 20th, 2008