ABX Weekly 11/03/2020
ABX Weekly 11/03/2020Market Update Global markets continue to be driven by fear and the recent 50bps emergency cut from the Fed did very little to calm markets. Money has moved aggressively out of risk assets back into safe haven assets, causing Government bond yields falling to new all-time lows across the yield curve. The entire US curve […]
ABX Weekly 4/03/2020
RBA March UpdateRBA March 2019 flash news – 0.25% decrease The RBA has announced another rate cut which reduced the cash rate to a new record low of 0.50% in response to the recent global events. The world is in the grip of the perfect storm with the Coronavirus causing major disruptions and the global supply […]
ABX Weekly 26/02/2020
ABX Weekly 26/02/2020 We have seen a considerable deterioration globally in the spread of the Coronavirus which more and more is causing a slowdown in growth globally. It doesn’t really come to a great surprise to us bond investors and we have taken as usual a much more cautious view with bond yield once again […]
ABX Weekly 19/02/2020
ABX Weekly 19/02/2020Market Update Australia’s profit reporting season is in full swing with a daily barrage of company news hitting the news wire. Australia’s biggest bank CBA for once surprised the market on the positive side which was a very refreshing change from the past couple of years when scandals and massive fines were overshadowing the […]
ABX Weekly 12/02/2020
ABX Weekly 12/02/2020Market Update As expected, the RBA has kept interest rates unchanged at 0.75% at its first meeting last week. What did surprise the market was the upbeat comments following the decision by the Governor and his hesitance to further decrease rates. This of course is music to my ears as I have just come […]
ABX Weekly 04/12/2019
ABX Weekly 04/12/2019 Market Update Australia’s economy slowed last quarter as interest-rate and tax cuts failed to spur household spending, reinforcing expectations the central bank will need to resume its easing next year. Gross domestic product (GDP) advanced 0.4% (which was below economist forecast of 0.5%) for the third quarter while previous quarterly growth (Q2) was revised higher to 0.6%. The […]
ABX Weekly 27/11/2019
ABX Weekly 27/11/2019 Market Update The big news yesterday was the much-anticipated speech by RBA Governor Philip Lowe. The main message was that any sort of QE program is clearly off the cards until official rates hit 0.25%. With the current stimulus and economic figures, it seems unlikely that the RBA will be forced to cut […]
ABX Weekly 20/11/2019
ABX Weekly 20/11/2019 Market Update One of the biggest news this week was the surprise revelation yesterday that the Reserve Bank board acknowledged in the recently released minutes that there was a compelling case for cutting the cash rate again to a new record low before leaving it unchanged at 0.75 per cent at its November meeting. The minutes […]
ABX Weekly 13/11/2019
ABX Weekly 13/11/2019 Market Update Global markets continue to slowly price in an economic recovery and yields in the US bond markets continue to increase with the US 10y Treasury note moving closer to 2% which is a three-months high. Markets currently pricing in a zero chance of easing by the Federal Reserve at the December […]
RBA November 2019 Flash
RBA November 2019 flash news – unchangedAs most market commentators already expected, the RBA left interest rates unchanged at its Melbourne Cup meeting. The ball is now clearly back in the court of the Government and the pressure is mounting for further fiscal measures to help lift the heavy burden. Clearly, the consumer is not […]