The Federal Reserve is emerging as big winner from its foray into credit exchange traded funds (ETFs). The central bank is set to turn a nice profit on a sale of corporate bonds and related ETF holdings that formed part of an emergency measure last year in response to the...
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 Commonwealth Bank of Australia has gone to the US bond markets seeking to raise between US$2 billion to US$5 billion. According to the Australian Financial Review, CBA looks to have raised $4.5 billion with investors being split $3.25 billion in three and five year tranche and $1.25 billion in...
Metrics Credit Partners has secured ratings in the A band for two of its loan funds despite a volatile year for financial markets raising concerns about credit quality. S&P Global Ratings has assigned an A- rating to the Metrics Credit Partners Real Estate Debt Fund (REDF) and affirmed its A-...
Ratings agency S&P Global has restored Western Australia's AAA rating for the first time in almost a decade, prompting the state's Treasurer and Premier Mark McGowan to claim it has "the best set of books in the world". WA was stripped of its AAA rating in 2013, but strong commodity...
Inflation remains the wild card in the economic growth story following a volatile first quarter, according to chief investment officer for fixed income at Eaton Vance, Eric Stein. With bond investors grappling with the prospects of stronger growth and higher inflation in the first quarter of 2021, Stein said the...
Out of the GFC playbook, the Federal Reserve of New York will publish monthly updates on the U.S. corporate bond market to help identify signs of distress according to Reuters. A monthly publication of the Corporate Bond Market Distress Index (CMDI) follows U.S. credit market investors suffering heavy losses this...
Data released by research company Roy Morgan revealed last month Australians expected inflation of 3.8% annually over the next two years, the highest rate since March 2020. Inflation expectations are now 0.9% points below their long-term average of 4.7% but have increased by 0.6% points since reaching a record low...
As global share markets tumble and concern swirls about risk assets, one investment expert argues now is the time to invest in emerging market (EM) bonds. Finisterre Capital is an EM specialist that manages funds in a variety of asset classes including sovereign debt, local currency debt, foreign exchange, corporate...
Tech giant Apple has taken another bite out of the the United States investment-grade bond market to the tune of $6.5 billion with a sale in four parts as it seeks to return cash to shareholders. According to a prospectus, there will be 40-year, 30-year, 10-year and 7-year notes. Bloomberg...

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