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<h3>
<a href="/article/commentary/opinion/2023/06/07/achieving-better-returns-through-switching-bonds-and-why-yield-should-always-be-the-focus">Achieving better returns through switching bonds – and why yield should always be the focus</a>
</h3>
<p>Bond investors can enhance overall returns by trading positions before maturity, focusing on the yield offered rather than the capital price as a key factor in assessing switch opportunities within their portfolio,
recognizing the interrelation between yield and capital price encapsulated in a single yield number. This flexibility allows for switching from lower-return bonds to those with the potential to deliver greater total
returns, enabling continuous improvement of investment outcomes in response to evolving opportunities.</p>
<footer>
<span class="date">Wednesday 07 June 2023</span>
<span class="contributor">by <a href="/contributor/Thomas Jacquot">Thomas Jacquot</a></span>
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<div class="transparent-bg">
<h3><a href="/article/commentary/trade opportunities/2023/06/07/wholesale-sample-portfolios-update---june-2023">Wholesale Sample Portfolios Update - June 2023</a></h3>
<p>This month, amidst US debt ceiling negotiations and the Reserve Bank of Australia's rate rise, floating rate bonds climbed accompanied by minor price setbacks, and forward-looking yields on the portfolios generally were a
touch higher.</p>
<footer>
<span class="date">Wednesday 07 June 2023</span>
<span class="contributor">by <a href="/contributor/Jonathan Sheridan">Jonathan Sheridan</a></span>
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<h3><a href="/article/education/education (advanced)/2023/06/07/residential-mortgage-backed-securities-how-do-they-perform">Residential Mortgage Backed Securities – How do they perform?</a></h3>
<p>An overview of the performance of Residential Mortgage-Backed Securities (RMBS) and Asset-Backed Securities (ABS).</p>
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<span class="date">Wednesday 07 June 2023</span>
<span class="contributor">by <a href="/contributor/Jonathan Sheridan">Jonathan Sheridan</a></span>
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<h3><a href="/article/commentary/trade opportunities/2023/05/24/retail-sample-portfolio-update-may-2023">Retail Sample Portfolio Update – May 2023</a></h3>
<p>Our retail sample portfolio update for May 2023.</p>
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<span class="date">Wednesday 24 May 2023</span>
<span class="contributor">by <a href="/contributor/Jessica Rusit">Jessica Rusit</a></span>
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<a href="/articles/category/Education (basics)" class="category-label">Education (basics)</a>
<div class="transparent-bg">
<h3><a href="/article/education/education (basics)/2023/05/24/a-beginners-guide-to-asset-backed-securities">A beginner's guide to Asset Backed Securities</a></h3>
<p>ABS can offer higher returns compared to vanilla corporate bonds</p>
<footer>
<span class="date">Wednesday 24 May 2023</span>
<span class="contributor">by <a href="/contributor/Thomas Jacquot">Thomas Jacquot</a></span>
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<article>
<img src="http://thewire.blob.core.windows.net/web/images/default-source/article-images/recalibration-bond-markets-rally-off-the-back-of-growth-outlook.jpg?sfvrsn=8b8bbd5a_1" alt="">
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<a href="/articles/category/General" class="category-label">General</a>
<div class="transparent-bg">
<h3><a href="/article/commentary/general/2023/05/10/recalibration-bond-markets-rally-off-the-back-of-growth-outlook">Recalibration – bond markets rally off the back of growth outlook</a></h3>
<p>We shine a light on where corporate bonds are now trading</p>
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<span class="date">Wednesday 10 May 2023</span>
<span class="contributor">by <a href="/contributor/FIIG Research">FIIG Research</a></span>
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<img src="http://thewire.blob.core.windows.net/web/images/default-source/article-images/wholesale-sample-portfolio-update-may-2023.jpeg?sfvrsn=5485bd5a_1" alt="">
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<a href="/articles/category/Trade opportunities" class="category-label">Trade opportunities</a>
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<h3><a href="/article/commentary/trade opportunities/2023/05/10/wholesale-sample-portfolios-update---may-2023">Wholesale Sample Portfolios Update - May 2023</a></h3>
<p>Wholesale sample portfolios update for May 2023</p>
<footer>
<span class="date">Wednesday 10 May 2023</span>
<span class="contributor">by <a href="/contributor/Jonathan Sheridan">Jonathan Sheridan</a></span>
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<article>
<img src="http://thewire.blob.core.windows.net/web/images/default-source/article-images/index-annuity-bonds-how-they-work.jpg?sfvrsn=1b87bd5a_1" alt="">
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<a href="/articles/category/Education (basics)" class="category-label">Education (basics)</a>
<div class="transparent-bg">
<h3><a href="/article/education/education (basics)/2023/04/26/indexed-annuity-bonds-(iab)---how-they-work-and-their-many-benefits">Indexed annuity bonds (IAB) - how they work and their many benefits</a></h3>
<p>IABs offer protection against inflationary pressures and other benefits.</p>
<footer>
<span class="date">Wednesday 26 April 2023</span>
<span class="contributor">by <a href="/contributor/Jessica Rusit">Jessica Rusit</a></span>
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<h3><a href="/article/commentary/general/2023/06/07/new-issues-23-may-2023-to-2-june-2023">New Issues 23 May 2023 to 2 June 2023</a></h3>
<p>New issues update</p>
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<h3><a href="/article/commentary/general/2023/05/24/new-issues-8-may-2023-to-19-may-2023">New Issues 8 May 2023 to 19 May 2023</a></h3>
<p>New issues update</p>
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<h3><a href="/article/education/education (advanced)/2023/05/24/rmbs---lets-get-technical">RMBS - Lets get technical</a></h3>
<p>Technical details to consider for RMBS</p>
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<h3><a href="/article/education/education (advanced)/2023/05/10/a-beginner-s-guide-to-rmbs---10-things-you-need-to-know">A beginner’s guide to RMBS - 10 things you need to know</a></h3>
<p>We explore some basic features and differences of RMBS securities </p>
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<h3><a href="/article/commentary/general/2023/05/10/new-issues-24-april-2023-to-5-may-2023">New Issues 24 April 2023 to 5 May 2023</a></h3>
<p>New issues update</p>
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<a href="/article/education (advanced)/knowledge series/2023/04/26/portfolio-construction-series---liquidity-and-foreign-exchange-risk-and-position-sizing">Portfolio Construction series - Liquidity and Foreign Exchange risk and Position Sizing</a>
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<p>The third in a series on Portfolio Construction</p>
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<p>RMBS transactions are designed to offer a range of risks and returns to suit a number of different investors. This will go from the most senior tranche that has priority over cash flows and the lowest overall risk to
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<span class="date">Wednesday 24 May 2023</span>
<span class="contributor">by <a href="/contributor/Jonathan Sheridan">Jonathan Sheridan</a></span>
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<p>Residential Mortgage Backed Securities are a popular choice for wholesale investors as they can choose the risk and return they seek and the securities offer a premium over similarly rated corporate bonds. Here we
explore some basic features of these securities and outline what makes them different to vanilla corporate bonds.</p>
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<span class="date">Wednesday 10 May 2023</span>
<span class="contributor">by <a href="/contributor/Jonathan Sheridan">Jonathan Sheridan</a></span>
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<p>Scams are becoming part of everyday life and we have seen a notable pick-up in activity over the last year.</p>
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<p>In this second article on Portfolio Construction we will delve into the two main risks faced by bond investors – the risk of not being paid back – or credit risk – and the risk of the market price of your bond
investment moving due to a change in the interest rate or yield of the bond – called interest rate risk.</p>
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<span class="date">Wednesday 12 April 2023</span>
<span class="contributor">by <a href="/contributor/Jonathan Sheridan">Jonathan Sheridan</a></span>
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<p>The current portfolio yields an indicative 5.91%* to the assumed maturity dates and is an approximate $212k spend.</p>
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<span class="date">Wednesday 12 April 2023</span>
<span class="contributor">by <a href="/contributor/Jessica Rusit">Jessica Rusit</a></span>
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<p>There was a relatively major about turn in yields through March as turmoil in the US and European banking sector introduced significant volatility into the market.</p>
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<span class="date">Wednesday 12 April 2023</span>
<span class="contributor">by <a href="/contributor/Jonathan Sheridan">Jonathan Sheridan</a></span>
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<span class="date">Wednesday 12 April 2023</span>
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<h3><a href="/article/education/education (basics)/2023/03/29/bond-basics-3">Bond Basics #3</a></h3>
<p>In this final edition for the Bond basics series we will explain the capital structure – one of the key defining pieces of information about the risk of your bond – and see how it works in practice.</p>
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<span class="date">Wednesday 29 March 2023</span>
<span class="contributor">by <a href="/contributor/Jonathan Sheridan">Jonathan Sheridan</a></span>
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<p>Welcome to the first in our series of articles looking at the various inputs that go into our way of thinking about portfolio construction. </p>
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<span class="date">Wednesday 29 March 2023</span>
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<h3><a href="/article/education/education (basics)/2023/03/29/bond-basics-1-how-do-bonds-work">Bond Basics #2 – how do bonds work</a></h3>
<p>In bond basics 2, we will go on to explain the basics around a bond itself, what the market looks like and how they work, so that investors new to the asset class can gain familiarity with them whilst considering taking
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<span class="date">Wednesday 29 March 2023</span>
<span class="contributor">by <a href="/contributor/Jonathan Sheridan">Jonathan Sheridan</a></span>
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* Skip to Navigation * Skip to Content The Wire Brought to you by Navigation Toggle Search Toggle * Education * Commentary * Research * Market Data All Sections * Education * Education (basics) * Education (advanced) * Corporate bond education hub * Commentary * Opinion * Trade opportunities * Week in review * At FIIG * General * Research * Company research * Company factsheets * Company updates * All issuers * Legacy * Market Data * Market stats * New issues list * FIIG Rate Sheet * Archive * This week * This month * 2023 * 2022 * Older * Contributors * Jonathan Sheridan * Thomas Jacquot * Kieran Quaine * Jessica Rusit * All contributors * About * About THE WIRE * About FIIG * Contact FIIG Search The Wire Opinion ACHIEVING BETTER RETURNS THROUGH SWITCHING BONDS – AND WHY YIELD SHOULD ALWAYS BE THE FOCUS Bond investors can enhance overall returns by trading positions before maturity, focusing on the yield offered rather than the capital price as a key factor in assessing switch opportunities within their portfolio, recognizing the interrelation between yield and capital price encapsulated in a single yield number. This flexibility allows for switching from lower-return bonds to those with the potential to deliver greater total returns, enabling continuous improvement of investment outcomes in response to evolving opportunities. Wednesday 07 June 2023 by Thomas Jacquot Trade opportunities WHOLESALE SAMPLE PORTFOLIOS UPDATE - JUNE 2023 This month, amidst US debt ceiling negotiations and the Reserve Bank of Australia's rate rise, floating rate bonds climbed accompanied by minor price setbacks, and forward-looking yields on the portfolios generally were a touch higher. Wednesday 07 June 2023 by Jonathan Sheridan Education (advanced) RESIDENTIAL MORTGAGE BACKED SECURITIES – HOW DO THEY PERFORM? An overview of the performance of Residential Mortgage-Backed Securities (RMBS) and Asset-Backed Securities (ABS). Wednesday 07 June 2023 by Jonathan Sheridan Trade opportunities RETAIL SAMPLE PORTFOLIO UPDATE – MAY 2023 Our retail sample portfolio update for May 2023. Wednesday 24 May 2023 by Jessica Rusit Education (basics) A BEGINNER'S GUIDE TO ASSET BACKED SECURITIES ABS can offer higher returns compared to vanilla corporate bonds Wednesday 24 May 2023 by Thomas Jacquot General RECALIBRATION – BOND MARKETS RALLY OFF THE BACK OF GROWTH OUTLOOK We shine a light on where corporate bonds are now trading Wednesday 10 May 2023 by FIIG Research Trade opportunities WHOLESALE SAMPLE PORTFOLIOS UPDATE - MAY 2023 Wholesale sample portfolios update for May 2023 Wednesday 10 May 2023 by Jonathan Sheridan Education (basics) INDEXED ANNUITY BONDS (IAB) - HOW THEY WORK AND THEIR MANY BENEFITS IABs offer protection against inflationary pressures and other benefits. Wednesday 26 April 2023 by Jessica Rusit Popular * NEW ISSUES 23 MAY 2023 TO 2 JUNE 2023 New issues update * NEW ISSUES 8 MAY 2023 TO 19 MAY 2023 New issues update * RMBS - LETS GET TECHNICAL Technical details to consider for RMBS * A BEGINNER’S GUIDE TO RMBS - 10 THINGS YOU NEED TO KNOW We explore some basic features and differences of RMBS securities * NEW ISSUES 24 APRIL 2023 TO 5 MAY 2023 New issues update * PORTFOLIO CONSTRUCTION SERIES - LIQUIDITY AND FOREIGN EXCHANGE RISK AND POSITION SIZING The third in a series on Portfolio Construction THE BEST OF THE WIRE DELIVERED TO YOUR INBOX. SUBSCRIBE NOW. By submitting this form, you agree to receive marketing communications from FIIG. * Email Address Subscribe to The WIRE LATEST NEWS General NEW ISSUES 23 MAY 2023 TO 2 JUNE 2023 New issues update Wednesday 07 June 2023 by FIIG Research General NEW ISSUES 8 MAY 2023 TO 19 MAY 2023 New issues update Wednesday 24 May 2023 by FIIG Research Education (advanced) RMBS - LETS GET TECHNICAL RMBS transactions are designed to offer a range of risks and returns to suit a number of different investors. This will go from the most senior tranche that has priority over cash flows and the lowest overall risk to the most junior tranche, with equity-like risks and rewards. Wednesday 24 May 2023 by Jonathan Sheridan Education (advanced) A BEGINNER’S GUIDE TO RMBS - 10 THINGS YOU NEED TO KNOW Residential Mortgage Backed Securities are a popular choice for wholesale investors as they can choose the risk and return they seek and the securities offer a premium over similarly rated corporate bonds. Here we explore some basic features of these securities and outline what makes them different to vanilla corporate bonds. Wednesday 10 May 2023 by Jonathan Sheridan General NEW ISSUES 24 APRIL 2023 TO 5 MAY 2023 New issues update Wednesday 10 May 2023 by FIIG Research Opinion BOND SCAMS - WHAT TO LOOK OUT FOR Scams are becoming part of everyday life and we have seen a notable pick-up in activity over the last year. Wednesday 26 April 2023 by Darryl Bruce Knowledge Series PORTFOLIO CONSTRUCTION SERIES - LIQUIDITY AND FOREIGN EXCHANGE RISK AND POSITION SIZING In this final article in the series we look at three more risks faced by bond investors - liquidity, foreign exchange, and position sizing. Wednesday 26 April 2023 by Jonathan Sheridan General NEW ISSUES 12 APRIL 2023 TO 21 APRIL 2023 New issues update Wednesday 26 April 2023 by FIIG Research Knowledge Series PORTFOLIO CONSTRUCTION SERIES - CREDIT AND INTEREST RATE RISK In this second article on Portfolio Construction we will delve into the two main risks faced by bond investors – the risk of not being paid back – or credit risk – and the risk of the market price of your bond investment moving due to a change in the interest rate or yield of the bond – called interest rate risk. Wednesday 12 April 2023 by Jonathan Sheridan Trade opportunities RETAIL SAMPLE PORTFOLIO UPDATE – APRIL 2023 The current portfolio yields an indicative 5.91%* to the assumed maturity dates and is an approximate $212k spend. Wednesday 12 April 2023 by Jessica Rusit Trade opportunities WHOLESALE SAMPLE PORTFOLIOS UPDATE - APRIL 2023 There was a relatively major about turn in yields through March as turmoil in the US and European banking sector introduced significant volatility into the market. Wednesday 12 April 2023 by Jonathan Sheridan General NEW ISSUES 28 MARCH 2023 TO 4 APRIL 2023 New issues update Wednesday 12 April 2023 by FIIG Research Education (basics),Education BOND BASICS #3 In this final edition for the Bond basics series we will explain the capital structure – one of the key defining pieces of information about the risk of your bond – and see how it works in practice. Wednesday 29 March 2023 by Jonathan Sheridan Knowledge Series PORTFOLIO CONSTRUCTION SERIES - SETTING THE SCENE Welcome to the first in our series of articles looking at the various inputs that go into our way of thinking about portfolio construction. Wednesday 29 March 2023 by Jonathan Sheridan Education (basics),Education BOND BASICS #2 – HOW DO BONDS WORK In bond basics 2, we will go on to explain the basics around a bond itself, what the market looks like and how they work, so that investors new to the asset class can gain familiarity with them whilst considering taking an exposure for the reasons in the first article. Wednesday 29 March 2023 by Jonathan Sheridan Read more Back To Top * * * * 1800 01 01 81 FIIG Securities - The Fixed Income Experts FIIG - The Fixed Income Experts At FIIG, fixed income is our sole focus. We enable investors and issuers to directly access a broad range of fixed income products and services. Not only do our customers have the most up to date market research and the expertise of our in-house professionals at their fingertips, they also have access to deposit rates from an extensive range of APRA regulated banks, credit unions and building societies. 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