Archives - Bond Adviser

24 Aug, 2017

BondAdviser Ratesheet as at 24th August 2017

By Bond Adviser|2017-08-24T21:58:45+10:00Aug 24, 2017|Ratesheets|

Click here to access the BondAdviser Ratesheet as at 24th August 2017.

24 Aug, 2017

The Risk in Using Shares For Income

By Nicholas Yaxley|2017-08-24T02:02:49+10:00Aug 24, 2017|Education, Market Commentary|

As we have progressed through reporting season, credit fundamentals have broadly remained intact with strong balance sheets, high liquidity and conservative capital management policies. There have been no material deviations for our investment thesis with earnings being largely credit neutral across the spectrum. However, as always, there have been winners and losers in the equity market, which has highlighted the [...]

24 Aug, 2017

What is a Social Bond?

By Nicholas Yaxley|2021-09-24T10:43:37+10:00Aug 24, 2017|Bonds, Education|

In an earlier article, we explored Ethical Fixed Income in Australia. In relation to this, an ethical product which is grabbing the interest of global investors are Social Benefit Bonds (SBBs). A social benefit bond (SBB) is an innovative way to match investors and outcomes which aims to better the wider society that we all live in via a targeted [...]

24 Aug, 2017

Dissecting Hybrid Valuation

By Nicholas Yaxley|2021-09-24T10:43:38+10:00Aug 24, 2017|Education, Hybrids|

In Australia’s low-yield environment, higher-risk income securities (i.e. hybrids) tend to be more favoured for their attractive returns. However, the yield of a hybrid varies based on many factors. Perhaps most important are the assumptions of when the security will be redeemed or converted. Conventionally, hybrid securities are either called on their first call date (or each interest payment thereafter) [...]

23 Aug, 2017