Over the past few years, Noble Group (SGD: NOBL), once Asia’s largest commodity trader, has experienced a significant decline in profitability following a downturn in the commodities market coinciding with accusations of overstating its accounts. After reporting an unexpected quarterly loss, Noble’s woes deepened when it announced that it may not be profitable until 2019, sparking concerns it would not be [...]
Global markets remained resilient last week as the UK election result and former FBI director James Comey’s testimony failed to deter investor sentiment. While the British pound was weaker against most major currency pairs, broad market indices (both equity and credit) were left relatively unscathed. This week, the Federal Reserve is expected to raise US interest rates (by the end [...]
Long term treasury bond yields continued their downward trajectory last week following weaker-than-expected US labour force data and heightened geopolitical risk. However, a series of British terror attacks prior to the UK election next month and reports of missile tests in North Korea have failed to deter global equity markets which remain buoyant. The RBA is widely tipped to leave [...]
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 [...]
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 [...]
Broad market confidence took a turn for worse last week as allegations surrounding President Trump spooked investors. The allegations are another pothole in the road to success for implementing stimulatory policies and this in turn effected implied inflation expectations in the US (from high of 1.90% to low of 1.78%). As a result, equities sold off and treasury bonds rallied [...]
Over the past decade, Netflix has risen to be a household name through its leading position in the of ~US$30 billion global video streaming market. The company is a constituent of the S&P500 index (the largest 500 stocks in the US) and its market capitalisation has grown significantly since 2012 as its international footprint has expanded to over 190 countries. [...]
Last week’s Federal Budget was given a meaningful shake up from the prior year with previous (“zombie”) budget measures abandoned. The Government succumbed to suggestions from the Reserve Bank of Australia (RBA) that fiscal policy needs to be a key theme in Australia’s economic plan by announcing a pipeline of key infrastructure projects across the nation (estimate of $75 billion [...]
As Westpac today rounds out official bank reporting season, our focus quickly shifts to tomorrow's Federal Budget and the subsequent implications for debt investors. While the RBA and interest rate market have been in 'watch and wait' mode for the most part of 2017, recent economic releases have illustrated an uncertain future for the economy led by an underutilised labour [...]
When investing in the ASX-Listed Debt & Hybrid market, an important consideration is liquidity. Given the market’s size of ~$60 billion, liquidity can be limited and if a major announcement occurs it may be difficult to get in or out of positions. For this reason, investors may have to accept a lower price to sell or pay a higher price [...]
An employee-owned financial services provider focused on the Debt Capital Markets.
An employee-owned financial services provider focused on the Debt Capital Markets.
© Bond Adviser Pty Ltd ‧ ASFL 456783 ‧ ABN 31 164 148 467 ‧ Important Information
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
© Bond Adviser Pty Ltd ‧ ASFL 456783
ABN 31 164 148 467 ‧ Important Information
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
