Rates, Trump, China: Pendal's Amy Xie Patrick on what to expect in 2025

One of the surprises of 2024 was the absence of rate cuts in Australia. What happened and how long will the Reserve Bank sit on its hands? Pendal’s head of income strategies AMY XI PATRICK explains in this review of 2024 and outlook for 2025. This is our final podcast for 2024. We wish our liste…

How to replace hybrids as they disappear from income portfolios

For years, Australian investors flocked to bank hybrid securities as a cornerstone of income-generating portfolios. Hybrids — debt instruments issued by banks that can convert to equity in times of trouble — have been popular with everyday investors due to their accessibility. But investors will …

No rate cut before February, but value in bonds now

This week’s Aussie inflation data was a mixed bag. While the headline number dropped into the RBA’s target range at 2.8%, the trimmed measure remained above target at 3.5%. It will take a few more quarters until the more important trimmed measure heads down towards 3%, says Pendal’s head of govern…

What volatile markets mean for fixed income, and what’s likely to happen next

Pendal’s head of income strategies AMY XIE PATRICK explains the latest market volatility, rates outlook and why she believes investors should be thinking about their defensive allocation. --//-- Find out more about Pendal's fixed income strategies at pend.al/fixedinterest Pendal is a global asse…

Why Aussie fixed-income investors should largely ignore a potential August rate hike

August is a live meeting in terms of potential rate changes – and next week’s CPI figures will be key to the decision, says Pendal's head of bond strategies Tim Hext in this fast podcast. A higher-than-expected CPI number could prompt a hike. A lower-than-expected number would likely mean rates st…

Tim Hext: What the latest signals on inflation really mean

Investors have been getting used to good news on inflation. But does the latest US data suggest we’re getting ahead of ourselves? In this new fast podcast Pendal’s head of bond strategies TIM HEXT reviews the evidence and explains why he still thinks there's juice left in bonds. --//-- Find out…

Amy Xie Patrick: What to worry about in a turning-point year

Reckon you’ve got 2024 figure out? Stay on your toes, because markets could go in any direction this year, says Pendal’s head of income strategies AMY XIE PATRICK in our latest podcast. In this edition Amy explains the risks that investors may not be considering and how she is preparing her incom…

Tim Hext: Why bonds still look better than term deposits

Have investors missed the boat on bonds after they touched 5% in October? No, says Pendal’s head of bond strategies Tim Hext. In this latest Pendal fast podcast he explains why. "When I look across the spectrum of what you can buy in bonds, government bonds are around 4.5%, state government bonds…

Bonds offer returns and cheap insurance right now: Tim Hext

US and local bond yields are hitting multi-year highs. Why is it happening and what’s next? Resilience in the US economy is the main factor, says Pendal’s head of bond strategies Tim Hext. That’s due to the dominance of fixed-rate loans there and Joe Biden's big-spending government. Meanwhile th…

Why China is hesitating on stimulus – and what’s likely to happen next

China’s political and economic outlook has a huge impact on Australian investors. In this new podcast, Pendal’s head of income strategies AMY XIE PATRICK explains the latest. An excerpt: Why doesn’t Beijing pump stimulus into the Chinese economy as other countries do? “We have to remember that t…