ABE Weekly: RBA Governor Cautions Markets on Early Rate Cuts
Australian Bond Exchange Weekly Update Friday 9th February Key points RBA holds the cash rate steady at 4.35% “Demand moderation is here”, say Australian businesses Chinese housing market woes persist OECD says rates need to stay high Global Cash Rates & Inflation The Reserve Bank of Australia (RBA) Cash Rate now sits at 4.35%pa […]
ABE Weekly: Aussie Yields Plummet as Bond Markets Price in Rate Cuts | U.S. Fed Holds Rates Steady
Australian Bond Exchange Weekly Update Friday 2nd February Key points Fed holds steady but signals cuts Australian inflation eases to 4.1% in December Why the RBA is likely to hold Aussie retail sales slide lower Euro Area dodges recession Global Cash Rates & Inflation The Reserve Bank of Australia (RBA) Cash Rate now sits at […]
ABE Weekly: Record Surging Demand For Corporate Bonds | U.S. Equities Make All-Time Highs – Are Markets Getting Complacent?
Australian Bond Exchange Weekly Update Friday 26th January Key points Highest year-to-date figure for dollar-denominated debt on record Equity markets surge – the Future Fund tips credit Australian business confidence strengthens U.S. consumer confidence climbs Global Cash Rates & Inflation The Reserve Bank of Australia (RBA) Cash Rate now sits at35%pa and the annual inflation […]
ABE Weekly: The World Goes To The Polls – What’s In Store For Fixed Income?
Australian Bond Exchange Weekly Update Friday 19th January Key points Aussie consumer confidence: new year, same fear Upside surprise for UK inflation China’s growth tipped to slow to 4.6% in 2024 Solid U.S. retail sales tell a story of resilience German economy contracts 0.3% in 2023 Global Cash Rates & Inflation The Reserve Bank of […]
2024: Prime Time for Fixed-Income
Despite higher-than-expected U.S. CPI data released last week, there has been a substantial easing in the U.S. annual inflation rate, falling from 9.1% in June 2022 to 3.1% in November 2023. While bond markets wobbled on the news, Treasuries are still pricing in numerous rate cuts this year. This underscores that the market remains steadfast […]
ABE Weekly: RBA Likely To Hold In First Rate Decision For 2024
Australian Bond Exchange Weekly Update Friday 12th January Key points Australian Consumer Price Index Indicator cools ‘Down down’ – Coles slashes supermarket prices Aussie retail sales jump on Black Friday sales Euro Area retail sales weaken again, but optimism climbs U.S. inflation unexpectedly rises more than forecast Global Cash Rates & Inflation The Reserve Bank […]
With Rate Cut Expectations Growing – How Should Investors Position for 2024?
Despite persistent strength in the U.S. labour market with wages rising alongside robust job creation, US 10-Year Treasury yields are currently pricing in numerous cuts to interest rates as inflation tapers. Various major U.S. banks also subscribe to this view with Goldman Sachs expecting 3 25bp cuts to the Fed funds rate in March, May, […]
ABE Weekly: Are Rate Cuts Inbound? These Economists Think So
Australian Bond Exchange Weekly Update Friday 5th January Key points Economists expect RBA to cut in September Has U.S. inflation finally returned to target? ‘Diminished inflation risk’ – FOMC minutes Big inflation drop in the UK New year new RBA regime Global Cash Rates & Inflation The Reserve Bank of Australia (RBA) Cash Rate now […]
ABE Weekly: Rate Cuts Are Coming – Federal Reserve
Australian Bond Exchange Weekly Update Friday 15th December Key points Federal Reserve holds again – signals rate cuts in 2024 U.S. inflation continues to ease Aussie consumer confidence up, business confidence down Time to reposition? Future of payments – ABE partners with ANZ for first ever billing initiation solution Global Cash Rates & Inflation The […]
Tier 1 and Tier 2 Securities – What’s the Difference?
Most investors understand how to buy shares in a bank, but there are several other ways to get exposure to the big four (and others), including via Tier 1 and Tier 2 securities. Tier 1 Capital From a regulatory perspective, Tier 1 capital is seen as the most loss-absorbent capital and enables the bank to […]