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So far Bond Adviser has created 374 blog entries.
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, [...]

4 Oct, 2018

Term Deposit Review – September 2018

By |2021-09-24T10:43:36+10:00Oct 4, 2018|Deposits|

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

By |2021-09-24T10:43:36+10:00Oct 4, 2018|Bonds|

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

By |2021-09-24T10:43:36+10:00Oct 4, 2018|Bonds, Education, Federal Reserve, Market Commentary|

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 [...]

13 Sep, 2018

Term Deposit Review – August 2018

By |2021-09-24T10:43:36+10:00Sep 13, 2018|Deposits|

The US-China trade war continues to remain the focal point of global markets, with the latest talks between the two economic powerhouses failing to progress as another $16 billion of like-for-like tariffs were imposed during August. At this stage, it is becoming increasingly likely that tensions will continue to worsen, with the majority of the impact on economic growth occurring [...]