BondAdviser.

About Bond Adviser

This author has not yet filled in any details.
So far Bond Adviser has created 373 blog entries.
18 Oct, 2018

Regionals vs Majors: Could We See A Pricing Reversal?

By |2021-09-24T10:43:36+10:00Oct 18, 2018|Bonds, Hybrids|

Ever since the Global Financial Crisis (GFC), funding costs in capital markets for both major and regional Australian banks have been steadily declining. This was first sparked by the Australian Government Guarantee Scheme which reduced the underlying risk in Australian authorised deposit-taking institutions (ADIs). In this post-GFC era, funding costs have broadly moved in line with changes in the RBA [...]

18 Oct, 2018

The Italian Banking Crisis: A Perfect Storm

By |2021-09-24T10:43:36+10:00Oct 18, 2018|Bonds, Market Commentary|

Earlier last week and before the more systemic selloff in risk assets, Italy’s 10-year government bond yields rose to a quite staggering 3.63% - the highest mark since 2014. Meanwhile, yields on the 10-year German Bund declined to an equally staggering 0.53% as the ‘lo spread’ between the two countries, which has long observed as a proxy for country risk, [...]