Nicholas Yaxley.

About Nicholas Yaxley

Nick founded BondAdviser in July 2014. He has over 15 years’ experience in developing research and investment solutions across Public and Private Credit Markets. Read bio >
10 Apr, 2017

Weekly Highlights

By |2021-09-24T09:38:23+10:00Apr 10, 2017|Market Commentary|

Bond markets rallied (price up, yield down) last week following news that the US launched a cruise missile attack against Syria.  Treasury yields fell on the headlines but this was partially offset by comments later in the week from the New York Federal Reserve President William Dudley downplaying any pause in short-term interest rate normalisation. The weak non-farm payrolls (employment) [...]

6 Apr, 2017

Will we see Tier 3 in Australia?

By |2017-04-06T02:58:47+10:00Apr 6, 2017|Education|

Over the past decade, banking regulation has evolved immensely. In response to the Global Financial Crisis (GFC), the Financial Stability Board (FSB - an international body that monitors and makes recommendations about the global financial system) fine-tuned the criteria for what constitutes a Global Systemically Important Bank (G-SIBs) to avoid the severe moral hazard (i.e. too big to fail) that [...]

6 Apr, 2017

Ethical Fixed Income in Australia

By |2021-09-24T10:43:38+10:00Apr 6, 2017|Bonds, Market Commentary|

In recent years, there has been a clear global focus of Environmental, Social and Governance (ESG) standards. As a result, companies have become more ethically conscious and developed new initiatives to demonstrate this behaviour to investors. One such initiative has been the rapid rise of the Green Bond market which is estimated to be ~US$150 billion. These instruments are like [...]

6 Apr, 2017

Paladin: Debt Standstill as Woes Deepen

By |2017-04-06T01:23:23+10:00Apr 6, 2017|Case Study|

Amidst decade-low uranium prices and over-supply of yellowcake (impure uranium oxide obtained during processing of uranium ore) Paladin Energy (ASX: PDN) announced an ambitious capital restructure plan earlier this year. The capital restructure proposed the exchange of its existing 2017 convertible bonds (US$212 million) and 2020 convertible bonds (US$150 million) into US$115 million of new secured bonds due 2022, US$102 million [...]