BondAdviser Ratesheet as at 1st June 2017
Click here to access the BondAdviser Ratesheet as at 1st June 2017.
1
Jun, 2017
1
Jun, 2017
Is The Reflation Trade Dead?
After a brief hiatus, the media-dubbed ‘Reflation Trade’ has re-emerged as a key talking point in financial markets. Donald Trump’s victory in the US Election and his focus on pro-growth policies gave global markets the confidence to think the inflation tide had finally turned. However following a string of allegations surrounding the President, this trajectory has somewhat stuttered. In light [...]
1
Jun, 2017
Breaking down the S&P Bank Credit Rating Framework
On the 22nd of May 2017, Standard and Poor's (S&P) announced the Issuer Credit Ratings of 23 Banks (both domestic and foreign branches) operating in Australia would be downgraded due to concerns around potential economic imbalances. While there has been a lot of coverage around the potential consequences of this rating action, we believe it is important to break down the [...]
1
Jun, 2017
Understanding Bond Trustees
In the low-interest rate environment, domestic markets have displayed a growing appetite for high-yield bond issuance in recent years. Aside from the increased risk compensation (higher coupons), investor interests are also protected by intermediaries, namely bond trustees. A bond trustee is a company designated by the issuer as the custodian of funds and official representative of bondholders. The trustee plays [...]
31
May, 2017
BondAdviser Ratesheet as at 31st May 2017
Click here to access the BondAdviser Ratesheet as at 31st May 2017.
30
May, 2017
BondAdviser Ratesheet as at 30th May 2017
Click here to access the BondAdviser Ratesheet as at 30th May 2017.
29
May, 2017
BondAdviser Ratesheet as at 29th May 2017
Click here to access the BondAdviser Ratesheet as at 29th May 2017.
29
May, 2017
Weekly Highlights
Investors were given a well-needed boost in confidence by last week’s Federal Reserve minutes which left the door wide open for a rate hike next month. The final piece of the puzzle will be the US jobs report this Friday but given the US economy is nearing full-employment, we believe productivity rather than jobs added will be more closely watched [...]
28
May, 2017
BondAdviser Ratesheet as at 26th May 2017
Click here to access the BondAdviser Ratesheet as at 26th May 2017.
25
May, 2017
BondAdviser Ratesheet as at 25th May 2017
Click here to access the BondAdviser Ratesheet as at 25th May 2017.
