Relative Return: How fixed income got its defensiveness back

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.