How the prices of goods and services have changed is not only an enduringly, topical conversation point, it offers a fascinating insight into society and the Australian economy. This article from the Australian Bureau of Statistics looks at how prices and their collection have changed over time to provide...
What is the difference between private debt and private credit? Not much, the terms are interchangeable according to these two industry experts. Nayef Perry, Head of Direct Credit – Hamilton Lane Why choose private credit? Investors typically choose to invest in private credit based on consistency of performance over long periods, downside...
By Gaby Rosenberg, Co-Founder, Blossom In the dynamic world of investment, the allure of fixed income assets has grown significantly as investors seek stable returns and diversified portfolios. In this article, we explore how to get started from brokers and ETFs to expert-managed funds like Blossom. We’ll discuss bond risks and...
By Matthew Macreadie, Income Asset Management A kangaroo bond is an Australia-dollar denominated bond issued by a non-Australian company in the Australian debt market to raise capital from Australian investors. In the pursuit of funding, these non-native issuers recognize the need to offer attractive terms to a less familiar audience,...
While you are considering investing in the ever-popular alternative investment space, there are several traps to be aware of before signing up for any investment. Risks exist in every investment opportunity — which is why you get a return greater than 0 per cent — but this doesn’t mean...
Private credit in the investing space is a growing market where senior secured debt, asset-backed lending, structured and project finance, mezzanine debt and other forms of unsecured debt happen and exist across a wide range of underlying asset classes. Attractive returns are available in private markets through simply providing the...
Dispelling Popular Beliefs Summary For fixed income investors, the current macroeconomic environment presents uncomfortable choices, with policymakers walking a thin line between combatting inflation and averting (or at least mitigating) the recessions that often follow rate rises. Market participants face a slew of competing concerns: Rising rates will hurt the asset...
Verdict US Treasuries (UST) and US Investment Grade often generate flat to negative performance in periods of rising yields. But a number of fixed income sub-sectors have provided moderate-to-strongly-positive returns during rising-rate periods, though the factors supporting performance are changing over time. Periods when UST yields are rising (used here...
Verdict A risk-off stance in fixed income is broadly beneficial during recessions, minimising exposure to defaults. However, High Yield performance is not far behind Investment Grade, with the HY market typically recovering significantly earlier than the real economy. Received wisdom for recessionary investing is to favour higher quality, longer duration asset...
Verdict Short duration bonds often outperform during rising rate periods, show resilience in recessionary conditions and—overall—produce lower volatility and better risk-adjusted returns. However, bad debt may crowd the short-duration high yield market at times of credit stress. Shorter duration fixed income has substantially underperformed the wider market over the past decade,...

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New ANZ Bond Issued at a 6.73% Yield

Today ANZ issued a Tier 2 subordinated bond at a margin of 280 basis points over semi annual swap, equivalent to a 6.736% issue...
anz capital notes 9

ANZ Launches ANZ Capital Notes 9 Offer

ANZ Bank has today launched its Additional Tier 1 capital security offer, ANZ Capital Notes 9, seeking to raise around $1 billion. At the same...

Attractive Yields But Narrow Spreads: The Credit Dilemma

By Arif Husain, Head of International Fixed Income and Chief Investment Officer, Fixed Income at T. Rowe Price Even after the late-year “Santa” rally, all-in...
anz hybrid offer

ANZ To Launch $1bn Plus Hybrid Offer

Bank hybrid issuing is set to ramp up early in 2024 with ANZ Bank expected to be the first to market. ANZ issued a recent...

ANZ Allocates $1.7 billion & Sets Margin for ANZ Capital Notes 9

The ANZ Bank has allocated $1.7 billion of ANZ Capital Notes 9, where it had been seeking around $1 billion originally under its offer....