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 >
14 Nov, 2016

Interest Rate Commentary

By |2016-11-14T21:17:32+11:00Nov 14, 2016|Market Commentary|

Yield curves are steepening across the globe and Australia is no different. Stoked by fiscal changes inflation is the primary driver and the next focal point is the Fed. Pricing for a December Fed funds rate hike remains firm at 80%, supported by comments from several FOMC officials recently.  FOMC voter Bullard, as well as non-voters Lacker and Williams, have [...]

10 Nov, 2016

Bank Reporting Season Wrap Up

By |2021-09-24T10:43:40+10:00Nov 10, 2016|Hybrids, Market Commentary|

With the September bank reporting season now complete, several common themes have emerged across the sector that we expect to continue to play out over the next twelve months. Earnings increase but margins remain under pressure and growth targets lowered. Although cash earnings for Australian banks remained robust during 2016 revenue growth is becoming difficult, suggesting the earnings cycle may [...]