Investec Investec Focus Radio SA

No Ordinary Wednesday Ep 133 | Bond markets: A licence to yield.

Loading player...
The easy gains may be over, but the case for bonds is not. Annelise Peers, Chief Investment Officer at Investec Bank Switzerland, and Awongiwe Booi, Fixed Income Analyst at Investec Investment Management in South Africa, unpack why attractive yields, easing inflation and South Africa’s underpriced reform story could make fixed income a source of return, not just protection, and what could still spoil the opportunity.
Chapters
  • 00:00 Can AI-led investment boost productivity without fuelling inflation?
  • 02:30 Does the South African fixed income case still hold?
  • 03:59 Could stronger consumer demand become the next inflation risk?
  • 06:01 How should investors distinguish temporary from persistent inflation?
  • 07:22 Are US bond investors being paid to wait?
  • 09:23 What is underpinning the rand’s resilience?
  • 11:31 Is fixed income becoming a return asset rather than just a hedge?
  • 12:45 Where is the strongest opportunity in South African fixed income?
  • 15:04 Can long-term bond yields stay high as central banks cut rates?
  • 16:31 What would prove South Africa’s fiscal consolidation is durable?
  • 18:07 Which indicators point to a global Goldilocks scenario?
  • 19:32 What should South African investors watch through year-end?
12 Aug English South Africa Business · Investing

Other recent episodes

Macro Monday ep 132: Central banks on a hiking path

The Fed hiked rates last week amid resilient economic growth and higher inflation, much of it due to higher fuel prices at the pump, while the Bank of Japan also increased borrowing costs, with more likely to come. South Africa’s Reserve Bank is likely to follow suit this week, as…
21 Sep 6 min

Macro Monday Ep131: Fed meets as oil prices rise

Gains by Houthi rebels in recent days have placed further upward pressure on oil prices, with benchmark rates up about 3% on Monday morning, while bond yields have risen since the start of the war. Against this backdrop, the Fed meets this week to decide on interest rates, and, according…
14 Sep 8 min

No Ordinary Wednesday | The signals from oil, bonds and inflation

Oil, bond yields and inflation are sending a more cautious signal on the global outlook. Growth has held up better than expected. But energy markets remain tight, long-term borrowing costs are rising, and central banks are weighing the risk of another inflation shock. In the latest No Ordinary Wednesday, Ellie…
8 Sep 17 min

Macro Monday Ep130: Crude prices, US jobs place focus on interest rates

Crude oil prices have risen over 20% in the last month, and this problem seems unlikely to be resolved quickly: prediction markets put only a 30% likelihood of normal flows through the Strait of Hormuz by December. Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management says with services inflation…
7 Sep 8 min

Macro Monday Ep129: Warsh’s hawkish speech

New Fed chief Kevin Warsh delivered a hawkish speech at the Jackson Hole symposium of central bankers on Friday, leading to a stronger US dollar and increased expectations of rate hikes this year and next year. Investec Investment Management’s Investment Strategist Osagyefo Mazwai examines what this means for the US…
31 Aug 9 min
All episodes