The Reserve Bank (RBA) has committed to extending its bond buying program to support recovery as the outlook for the global economy improves.
In an update to new forecasts, RBA governor Philip Lowe announced the Board had decided to purchase an additional $100 billion worth of bonds issued by the Australian...
Australia’s big four banks will continue to be under scrutiny from investors after the Reserve Bank of New Zealand last week restricted all locally-incorporated banks from paying dividends on ordinary shares and prevented them from redeeming bond issues until the country’s economic outlook improves.
The move stops Australia’s big four...
The UK Government recently went to the bond market with its first green bond offering, hoping to raise GBP10 billion and was overwhelmed by the response. The 12-year bond was marketed at 87.5 basis points (0.875%) and attracted bids of more than GBP100 billion, demonstrating the appetite for investments...
Over the last couple of weeks, global bond markets experienced levels of volatility not seen since March last year when the pandemic hit.
The moves in yields were severe, rocking bond investors as prices fell precipitously, and bond funds globally recorded negative returns for the month of February.
While Australia tends...
The Australian Office of Financial Management (AOFM) has revealed its issuance plans of Australian Government Securities in 2021-22 and updated plans for the remainder of 2020-21 following the release of last night’s 2021-22 Budget by the Australian Government.
The AOFM said in a statement its issuance of Treasury Bonds in...
The Reserve Bank of Australia, in conjunction with the government implemented a range of measures designed to provide a ‘bridge’ to an expected economic recovery after the COVID-19 crisis.
The RBA cut the cash rate to 0.25 per cent and committed to buy government and semi-government bonds without a ceiling...
In a quirky reversal, the big, bad banks of Royal Commission days are now being asked to don their Avenger capes and come to the rescue of businesses and individuals caught up in the savage coronavirus whirlwind.
While deferring payments and extending credit, encouragingly, they have also increased term deposit...
