BondAdviser Ratesheet as at 14 March 2017
Click here to access the BondAdviser Ratesheet as at 14 March 2017.
14
Mar, 2017
14
Mar, 2017
Weekly Highlights
Since November 2016, the surge in inflation expectations has been the key driver of the rise in long-term nominal interest rates. These expectations consolidated in Q1-2017 as markets awaited new direction, which came last week in the form of the latest US jobs report. This report essentially gave the Federal Reserve the green light to raise US interest rates. Consequently, [...]
13
Mar, 2017
BondAdviser Ratesheet as at 13 March 2017
Click here to access the BondAdviser Ratesheet as at 13 March 2017.
13
Mar, 2017
BondAdviser Ratesheet as at 10 March 2017
Click here to access the BondAdviser Ratesheet as at 10 March 2017.
9
Mar, 2017
BondAdviser Ratesheet as at 9 March 2017
Click here to access the BondAdviser Ratesheet as at 9 March 2017.
9
Mar, 2017
Valuations Stretched on ASX-Listed Corporate Hybrids
In recent years, non-financial corporate security issuance into the ASX-Listed Debt & Hybrid market has dwindled. There has been a number of factors but a standout contributor has been the change to credit rating methodology known as ‘equity-credit’ where hybrid securities are classified as equity (instead of debt) from a credit rating perspective. This maintains the underlying issuer’s credit metrics when [...]
8
Mar, 2017
Understanding Fixed Income Risk Metrics
In Australia the fixed income asset class receives comparatively less media attention than equities. For this reason, many investors find fixed income jargon, research and its related concepts confusing and hard to understand. However, in periods of extreme volatility relatively safe income securities can be the backstop to portfolio losses by offsetting the under-performance of other asset classes. While equities [...]
8
Mar, 2017
Australian Government Hits New Issuance High
On the 23rd of February 2017, the Australian Office of Financial Management (AOFM) (which manages the country’s debt sales), sealed a record $11 billion government bond deal. This was just one month after it set the previous record issuance of $9.3 billion (January 2016). The AOFM confirmed the bond will have a coupon of 2.75% and was priced at a yield [...]
8
Mar, 2017
BondAdviser Ratesheet as at 8 March 2017
Click here to access the BondAdviser Ratesheet as at 8 March 2017.
7
Mar, 2017
BondAdviser Ratesheet as at 7 March 2017
Click here to access the BondAdviser Ratesheet as at 7 March 2017.
