Two hot topics beginning with I: Inflation and India

India is arguably the hottest market in the world, having doubled from 2020 and trading at historic highs. (Image: Getty)

Simon Robertson

Sat, 16 Mar 2024

Hot topic one: InflationI was fortunate enough this week to go to a small lunch with a fixed-income legend with an outstanding track record and one of the largest trading books in the world. We covered off all the usual stuff: credit cycles, rates, spreads, private credit, treasuries, etc. Sticker shock one: he suggested the private credit market in New Zealand and Australia, predominantly in property, is a real concern.Sticker shock two: he expected interest rates to remain higher globally and pointed to “service inflation&rdqu...

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