Episode 68: Making Sense of the Fixed Income Paradox; Rising Term Premia; September Market Rally; Aussie Economic Outlook

About this episode

The episode discusses the fixed income paradox and its implications for investors, alongside insights into the Australian economic outlook.

Welcome to the Complexity Premia podcast by Coolabah Capital, hosted by Christopher Joye, Chief Investment Officer and Portfolio Manager at Coolabah Capital, and Ying Yi, a Portfolio Management Director at Coolabah Capital. The Complexity Premia podcast strives to deconstruct modern investment problems for wholesale (not retail) participants in capital markets. You can listen on your favourite podcast app, or you can find it on Spotify, Podbean or Apple Podcasts. In this new flash episode of the Complexity Premia podcast, Chris and Ying Yi unpack the paradox facing investors today: tight corporate credit spreads against the backdrop of historically high bond yields. They explore how this dynamic is reshaping opportunities across global debt markets, the shifting balance of risk between governments and corporates, and what it all means for returns. The discussion also delves into September’s market rally, Australia’s inflation outlook, and how population growth and housing trends could shape the nation’s economic future. This information is suitable for wholesale investors only and has been produced by Coolabah Capital Institutional Investments Pty Ltd ACN 605806059, which holds…

People in this episode

Hosts: Christopher Joye, Ying Yi

Topics covered

• fixed income paradox
• term premia
• market rally
• Aussie economic outlook
• corporate credit spreads
• global debt markets

Keywords

• fixed income
• term premia
• market rally
• corporate credit spreads
• Australia
• economic outlook
• debt markets

Mentioned in this episode

Organizations: Coolabah Capital, Coolabah Capital Institutional Investments Pty Ltd, Australian Financial Services Licence No. 482238

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• Episode 73: Bonds, Bots, and Base Rates: Where Yields Go Next · February 24, 2026 · 27 min
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• Episode 71: From Lucky Country to Lazy Land: When the State Smothers Markets · December 21, 2025 · 10 min