It’s been a relatively quiet week in bond markets with the domestic market focused on the share market reporting season.
The securitisation market kicked off 2025 with Plenti issuing an Auto Asset Backed Security (ABS) deal. It raised $509.3m across 10 tranches and according to KangaNews, the spread on its...
Be prepared, isn’t that what the Boy Scouts and Girl Guides tell us?
Momentum is building with the market expecting the RBA Board to cut the cash rate from 4.35% on 18 February. This week, NAB announced it was cutting its fixed rate home loan rates, while HSBC chief economist,...
Inflation is heading in the right direction. Yesterday’s annual trimmed mean inflation rate came in at 3.2%, down from 3.6% in the September 2024 quarter. The trimmed mean excludes irregular or temporary price moves and is the more relied-upon measure.
Will the RBA Board begin an easing cycle and cut...
Trump is back in power after his inauguration overnight. US government bond yields fell to finish the day at 4.582% after he delayed a tariff announcement on China, but announced potential 25% tariffs on Mexico and Canada. The Mexican peso and Canadian dollar fell sharply against the US dollar....
Will the RBA board cut the cash rate when it meets next, on 18th February? Economists at ANZ and CBA have stated they think it will, while Warren Hogan from EQ Economics and Judo Bank think they will not.
The quarterly CPI due to be released on 29th January could...
There was strong domestic corporate bond issuance before the US election, and I thought most Australian companies had satisfied their 2024 funding requirements, so that new issuance post the election would trail off. But contrary to expectations, there’s been solid ongoing supply.
I rarely show all of the kangaroo issuance...
Annual US inflation accelerated to 2.6% in October 2024, up from 2.4% in September. It’s the first increase in seven months. Coupled with expected inflationary Trump policies including tax cuts, tariffs and a cut on immigration, many commentators think the US rate cutting cycle will be shallow and brief.
Similarly,...
There’s plenty of speculation about what a new Trump presidency will bring to financial markets. Will inflation rise? Will the Fed continue cutting rates? One thing is for sure, US debt is set to keep growing. Have a look at the US Debt Clock below.
If you look it up...
Did you back a winner yesterday? I gamble once a year and have no idea about any of the horses that run in the Melbourne Cup, but had $5 each way on Okita Soushi, so I came home with a net $20! It was a good day.
Sadly, today, I’m...
Quarterly inflation is heading in the right direction, albeit, still above the RBA board 2-3% target band. The trimmed mean for the September quarter was up 0.8% to take the annual change to 3.5%. The trimmed mean excludes irregular or temporary price changes, such as electricity bill rebates and...