BondAdviser Ratesheet as at 26th October 2018
Please click here to access the BondAdviser Ratesheet as at 26th October 2018.
28
Oct, 2018
21
Oct, 2018
BondAdviser Ratesheet as at 19th October 2018
Please click here to access the BondAdviser Ratesheet as at 19th October 2018.
18
Oct, 2018
Regionals vs Majors: Could We See A Pricing Reversal?
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
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, [...]
14
Oct, 2018
BondAdviser Ratesheet as at 12th October 2018
Please click here to access the BondAdviser Ratesheet as at 12th October 2018.
7
Oct, 2018
BondAdviser Ratesheet as at 5th October 2018
Please click here to access the BondAdviser Ratesheet as at 5th October 2018.
4
Oct, 2018
Term Deposit Review – September 2018
The month of September presented us with many of the same recurring themes, namely the ongoing US-China trade war rhetoric, whilst the RBA continue to hold the overnight cash rate at 1.50%. Commissioner Kenneth Hayne also released his scathing interim report from the Royal Commission, making recommendations including better enforcement of the law by regulators and a simplification of those [...]
4
Oct, 2018
In Search of Yield: What’s Driving the Tier 2 Curve
Throughout 2018, we have observed the listed Tier 2 financial hybrid industry continue to shrink as names such as Suncorp and Westpac redeem their respective instruments. However, what may not have been as obvious is the flattening of the Tier 2 curve that has occurred throughout the year. To fully understand the catalysts of this, as well as the changing [...]
4
Oct, 2018
Quantitative Tightening: What’s Happening 12 Months On
Quantitative easing (QE) was first pioneered by the Bank of Japan (BoJ) way back in 2001, when it was employed as a stimulative economic policy, after the BoJ ran short-term rates down to zero. QE’s mechanism for stimulation is the purchase of debt securities by central banks (in the secondary market), causing the central bank’s reserve supply to increase and [...]
30
Sep, 2018
BondAdviser Ratesheet as at 28th September 2018
Please click here to access the BondAdviser Ratesheet as at 28th September 2018.
