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Kardinia podcast: Vaccines, bond yields and inflation

Kristiaan Rehder explains why he’s watching the steepening yield curve.


Kristian Rehder (Portfolio Manager at Kardinia Capital) talks to Holly Old (Account Director at Bennelong Funds Management) about current market performance, and the impact of the steepening yield curve.

0:59 – The impact of COVID-19 vaccines sweeping across the globe, including the response of equity and debt markets
3:30 – What rising bond yields mean for valuations and the equity market (and Kardinia’s portfolio)
7:20 – Why the price of steel could be a sign of rising inflation
8:36 – How the portfolio is currently positioned, with specific comment on resources and banks
12:19 – Current key holdings that Kardinia feels will benefit from the reopening of economies and borders

You may also be interested in Kardinia’s recent article, The beginning of the end.

The content contained in this audio represents the opinions of the speakers. The speakers may hold either long or short positions in securities of various companies discussed in the audio. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely as an avenue for the speakers to express their personal views on investing and for the entertainment of the listener.

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