yields

While central banks around the world move to combat rising inflation through the aggressive hiking of interest rates, the knock-on effect has been broad-based sell-offs in global share markets as investors rotate away from risk assets into safer assets. At the same time, there has also been a sell-off in bond markets which has seen prices fall and yields rise higher.

You have to feel for Treasury Wine Estates, Australia’s largest wine company, the maker of well-known brands such as Penfolds and its iconic Grange label, Wynns, Seppelt, Wolf Blass, Pepperjack and Lindeman’s. After starting the year at just over $16, Treasury Wine Estates had moved nicely to $17.70 – then the COVID-19 pandemic stripped its…

Of the many opportunities that were thrown up by the Covid-19 Crash, one of those that is still open – although weakening by the day – is that in the eight credit listed investment trusts (LITs). Most of this group were trading at small premiums to net asset value (NAV) prior to the crash, such…