The risk outlook for global debt markets

There has been recent commentary on the quality of global credit currently being issued and the risks involved, with fears that GFC-like mistakes may be repeated. Other concerns include the spectacular rise of passively managed bond portfolios and fears of a vicious cycle should the market turn.

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To help you understand the implications of current risks in the global debt market, Gemma Dale speaks to NAB’s fixed income guru Mark Todd, who shares his view on:

• Global corporate bonds issues by companies and how they’re rated
• How to identify high quality credit and why bundled bonds aren’t always as has high quality as you think
• Where to find high quality yield instruments
• The true risks of passive bond structures and the role of fund managers in this space, and
• The challenges associated with rising rates and why investing on the basis of fear is not a good idea.

You can access this and previous episodes of the Your Wealth podcast now on iTunes, Podbean, Spotify or at nabtrade.com.au/yourwealth

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