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Relative Return: How fixed income got its defensiveness back

Relative Return: How fixed income got its defensiveness back

Update: 2025-09-04
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In this episode of Relative Return, host Laura Dew chats with Roy Keenan, co-head of fixed income at Yarra Capital Management, to discuss the evolving fixed income asset class, his sector preferences, and the RBA’s rate-cutting policy.

Listen as they discuss:

  • The defensive characteristics of fixed income.
  • Market volatility triggered by US President Donald Trump.
  • The “chase for yield” mentality prompted by interest rate cuts.
  • Impact of the transition from AT1 securities.
  • Credit spread tightening from the expansion of private credit funds.
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Relative Return: How fixed income got its defensiveness back

Relative Return: How fixed income got its defensiveness back

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