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The Portfolio Construction Podcast


Oct 10, 2022

With the end of most central bank's quantitative easing programs and the normalisation of cash rates, is now the time to buy bonds again and to increase duration positioning in portfolios?

Since central banks commenced explicitly targeting inflation in the mid 1980’s, cash rates and bond yields have fallen creating an environment where fixed interest portfolios have been predominantly long bonds but now the short and long end of the yield curve is rising. 

In this episode, Clive Smith, Senior Portfolio Manager at Russell Investments, joins the show to discuss what drives bond market returns. Discover why the change in bond market dynamics has created a 'double whammy' for bond investors and the key resulting factors to keep in mind when considering portfolio allocations for the remainder of 2022 and beyond.