BondAdviser Ratesheet as at 22 July 2016
Click here to access the BondAdviser Ratesheet as at 22 July 2016
24
Jul, 2016
21
Jul, 2016
BondAdviser Ratesheet as at 21 July 2016
Click here to access the BondAdviser Ratesheet as at 21 July 2016
21
Jul, 2016
Reporting Season Calendar
Reporting Season Calendar: Australian Foundation Investment Company (AFIC) - 25/07/2016 Genworth - 03/08/2016 Seven Group - 03/08/2016 Suncorp - 04/08/2016 Tabcorp - 04/08/2016 Bendigo & Adelaide Bank - 08/08/2016 AGL Energy - 10/08/2016 Commonwealth Bank of Australia - 10/08/2016 Goodman Group - 11/08/2016 Telstra - 11/08/2016 Aurizon Network - 15/08/2016 GPT Group - 15/08/2016 Mirvac Group - 16/08/2016 Challenger - 16/08/2016 G8 Education - 16/08/2016 Crown Resorts - [...]
21
Jul, 2016
Where are Term Deposit rates heading?
At the end of February, we published “Term Deposits – Past, Current and Future Trends” outlining our expectation that term deposit margins would increase due to competitive pressures between Authorised Depository Institutions (ADIs). Since the commentary was written, term deposit margins have indeed risen by ~0.20%. Figure 1. Term Deposit Spreads Source: RBA, AFMA, BondAdviser As shown in [...]
21
Jul, 2016
The significance of ANZ StEPS
Over the first half of 2016 the four major Australian banks have issued ~A$4.65 billion of domestic and US$1 billion of offshore hybrids. In a globally low interest rate environment, these issues have been well supported by investors and this is reflected in the movement of the average hybrid trading margin over 2016. Figure 1. AT1 Average Trading Margin [...]
20
Jul, 2016
S&P request to comment on APRA criteria
On the 6th of July 2016 ratings agency S&P issued a request for comment relating to proposed amendments to Australian Prudential Regulation Authority’s (APRA) evaluation criteria regarding the capital adequacy of banks. Ultimately, the agency’s intention is to begin capturing recent Basel III enhancements that were introduced after the Global Financial Crisis in Pillar 3 bank disclosure statement reports. [...]
20
Jul, 2016
BondAdviser Ratesheet as at 20 July 2016
Click here to access the BondAdviser Ratesheet as at 20 July 2016
19
Jul, 2016
BondAdviser Ratesheet as at 19 July 2016
Click here to access the BondAdviser Ratesheet as at 19 July 2016
18
Jul, 2016
BondAdviser Ratesheet as at 18 July 2016
Click here to access the BondAdviser Ratesheet as at 18 July 2016
18
Jul, 2016
Interest Rate Commentary
While monetary policy divergence between the RBA and the Fed has been the general expectation for most of 2016, global economic conditions are likely to force the Fed to postpone any potential rate hike until next year while many market commentators are forecasting two cuts to the RBA cash rate by year end. However, as the RBA has reiterated [...]
