By Jason England, Global Bonds Portfolio Manager at Janus Henderson Investors
If Wednesday’s announcement by the Federal Reserve (Fed) proved anything, it is that the U.S. central bank continues to prioritize forward guidance in signalling the future path of monetary policy to reassure financial markets that its hands remain firmly...
In the wake of a yesterday's larger than expected rate hike, it’s difficult to foresee the RBA’s future actions based on its statements and forecasts, according to T. Rowe Price Associate Portfolio Manager Scott Solomon.
Responding to the rate hike, Solomon said: "The Reserve Bank of Australia (RBA) pivoted hawkish...
A change in the cash rate is not sufficient to justify a wholesale change in investment strategy, according to Vanguard Australia’s Head of Bond Indexing for Asia Pacific Jean Bauler.
The RBA went beyond market expectations yesterday by lifting its target cash rate to 0.35% (25bp hike).
Responding to the rate hike,...
Industrial and property owner-manager Goodman Group is issuing US$500 million of sustainability-linked bonds.
The guaranteed senior unsecured notes are scheduled for maturity in 2032. The issue will close on 4 May 2022.
An ASX release by Goodman said the bonds were the group’s first sustainability-linked bonds and "reflect the Group’s focus...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook: May 2022
Market review
Offshore and domestic yields continued to rise, reflecting inflation pressures and expectations for a more aggressive and front-end loaded central bank tightening cycle. Risk appetite soured, with...
Biotech behemoth CSL (ASX:CSL) has raised US$4 billion in debt via the US private placement market.
It was the first time that CSL has had a bond offering through a 144A debt issue in the U.S.
Rule 144A modifies restrictions for the purchase and sale of privately placed securities among qualified...
State Street Corporation and the International Forum of Sovereign Wealth Funds (IFSWF), a global network of sovereign wealth funds, has released a new report revealing a major shift by large institutional investors towards assets and markets considered to be less risky.
The report looks at the aggregated activities of long-term...
Western Australian mining services company Mineral Resources (ASX: MIN) has successfully priced a $US1.25 billion senior unsecured notes offer in the United States bond market.
MinRes was reportedly exploring a $US1 billion offering, but has since announced the upsizing and pricing of its
US$625 million 8.000% Senior Unsecured Notes due...
Roy Morgan research has revealed how Russia's invasion of Ukraine has driven inflation expectations among Australians to highest level since the Mining Boom.
In March 2022 Australians expected inflation of 5.8% annually over the next two years, up a large 0.7% points from February 2022. The level of Inflation Expectations...
The prospect of the Federal Reserve tightening its policy more aggressively in the face of rising price pressures, and hence slowing economic growth, has seen large money outflows from global bond funds according to Refinitiv Lipper.
In the week to April 13 global investors dumped bond funds with a value...
