Anthony Doyle
The executive series: Inflation and interest rates
Cross Asset Investment Specialist, Anthony Doyle speaks with CBA's Tom Piotrowski about the outlook for inflation and interest rates. They also discuss some of the factors investors need to be aware of when investing during a bull market.
Lower interest rates, house prices and super: The keys to Australia's household wealth
One of the most important channels that lower interest rates works through is via higher asset prices, leading to increased levels of household wealth. Theoretically, households should consume more as wealth rises. Changes in the ‘wealth effect’ are a key factor in assessing the outlook for the Australian economy, because a large share of the economy is household consumption.
Chart of the week | Oil and breakevens
Whilst last year’s favourite word amongst investors was “unprecedented”, this year “reflation” appears to be the word on everyone’s lips. For central bankers and investors, breakeven rates are an important measure of inflation expectations. Simply put, the breakeven rate is the difference between the yield of a nominal bond and an inflation-linked bond of the same maturity.
Emerging markets and the reopening trade
So far, the global economic recovery from the Covid-19 fallout has been led by developed markets and emerging Asia, spearheaded by China. Looking ahead, we think the catchup trade could ripple out across other emerging markets, driven by the availability of vaccines, the reflationary impulse from China and developed markets, and the lagged impact of monetary easing.
A new year, a new RBA announcement
The first RBA meeting of 2021 kicked off this week with one big surprise - further easing measures to the tune of $100 billion worth of government bonds. What does this mean for investors, and what headwinds can we expect? Find out with Anthony Doyle in the first episode of the Doyle Download for 2021.
Bond markets power ahead
The rate that stops the nation
