by Matt Simpson, Senior Market Analyst, City Index GDP rose 2.7% y/y (2.7% expected, 5.9% prior) Australian GDP rose 0.5% q/q (0.8% expected, 0.6% prior) Australian CPI rose %y/y (8.1% expected, 8.4% prior) Exports outstripped imports for a third quarter and was a main contributor to GDP Household consumption fell...
With its first bond raise in nearly six years, Telstra is set to raise $650 million with the five-year senior bond reportedly seeing $1.9 billion of demand according to The Australian. It is the first major Australian raise by Telstra since 2017. The company had previously launched a Euro bond...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook. Market Review Stubborn inflation and hawkish central banks led to higher yields as markets moved to discount further monetary tightening. Risk appetite waned, with both equity and credit markets softening. Against...
Fixed-income manager Western Asset, part of Franklin Templeton, has forecast that volatility in fixed income markets will decline this year, giving bonds the scope to provide the defensive characteristics needed to offset the risk of price falls in riskier assets. Anthony Kirkham, Head of Investment Management/Australian Operations for Western Asset, says...
ANZ Bank has this morning announced the launch of ANZ Capital Notes 8 through an offer to raise $1billion with the offer expected to open on 23 February 2023. At the same time, the bank announced the redemption of ANZ Capital Notes 3 (ASX:AN3PG) on 24 March 2023. A reinvestment...
Mutual Ltd CIO Scott Rundell provides the following commentary on Tuesday's RBA rate hike. Let’s set the scene The last time the RBA met was back in early December, with no January meeting as per usual.  ACGB Three Year yields were running around the park at 3.086% vs a rate...
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 yield. The bond has been issued with a fixed rate but converts to a floating rate. The new issue raised A$1 billion. Tier 2 bonds are...
Alexander Funds has announced the appointment of Nick Bishop as an independent member of their Investment Committee (IC). Bishop was the former Head of Australian Fixed Income for Aberdeen Standard Investments, managing up to $14bn in fixed income investments. He also previously held the role of Managing Director, Head of...
The US Federal Reserve early today slowed the pace of rate hikes for the second consecutive meeting from 50bp to 25bp, moving the Fed funds rate target range up to 4.50-4.75%. Jonathan Duensing, Head of Fixed Income, US, at Amundi, Europe's largest asset manager says: "We remain cautious and anticipate market...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook. Market Review Signs of slowing growth led markets to factor in a slowing in the pace of monetary tightening, particularly in the United States. Domestic yields fell across the yield curve,...

Recent Articles

Most Popular

PODCAST: The Yield Adds Up – ABS and RMBS with Lauren Ryan from Thinktank

PODCAST: The Yield Adds Up – ABS and RMBS with Lauren Ryan from Thinktank

Asset backed securities (ABS), including residential mortgage backed securities (RMBS), provide relatively high, floating rate monthly income. Learn about the asset class, the risks...

Investors Hunt Down Income Amid Economic Turbulence

From Global X ETFs Product and Investment Strategist, Marc Jocum. Investors today face a challenging economic landscape. In the wake of the Covid-19 pandemic, central...
Buy Point for Fixed Income

Buy Point for Fixed Income

The US Fed held rates overnight. In this brief Q&A, Robert Tipp, Chief Investment Strategist & Head of Global Bonds, PGIM Fixed Income reviews...

S&P Default Rate Study

From Income Asset Management While yields have improved in the Australian BBB space, it’s also nice for investors to know their money is relatively safe. S&P...
Global Government Bond

Global Government Bond Fund Added

T. Rowe Price has launched the Global Government Bond High Quality Fund as the firm’s seventh Australian Unit Trust (AUT) for wholesale and institutional...