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 […]
ABE Weekly: Is 13 The Lucky Number? RBA Holds As Growth Falters
Australian Bond Exchange Weekly Update Friday 8th December Key points RBA holds rates steady at 4.35%pa Australian quarterly GDP growth comes in weaker than expected Is the U.S. economy finally turning? Moody’s downgrades China outlook Global Cash Rates & Inflation The Reserve Bank of Australia (RBA) Cash Rate now sits at 4.35%pa and the annual […]
ABE Weekly: Cool But Not Cold – Monthly CPI Eases in October
Australian Bond Exchange Weekly Update Friday 1st December Key points Australian monthly CPI cools faster than expected No more RBA rate hikes – OECD Domestic retail sales slide lower New Deputy Governor appointed at the RBA Black Friday bonanza – U.S. retail sales surge Global Cash Rates & Inflation The Reserve Bank of Australia […]
ABE Weekly: So Hawk Right Now
Australian Bond Exchange Weekly Update Friday 24th November Key points Hawkish undertones over homegrown inflation Sufficiently restrictive – J Powell Westpac Leading Index for October dips Sohn Hearts and Minds – bullish on bonds Is the narrative starting to change? Global Cash Rates & Inflation The Reserve Bank of Australia (RBA) Cash Rate now sits […]
2023 Reflections – A Year in review
As we approach the end of 2023, now is an opportune time to reflect on the year that was, and plan for the year ahead. With inflation continuing to cool across most major economies, the key question for 2024 and beyond is – how long will rates remain elevated? U.S. Resilience The year 2023 has […]
ABE Weekly: Cooling But Not Cold – U.S Inflation Edges Lower
Australian Bond Exchange Weekly Update Friday 17th November Key Points U.S. inflation falls more than expected to 3.2% Australian unemployment and jobs increases in October Australian consumer confidence evaporates Business conditions up, confidence down – NAB Monthly Business Survey U.S. retail sales slide lower U.S. small business optimism down in October U.K inflation continues to […]
Playing Defensive With Corporate Fixed Income Securities
Corporate bonds and other fixed income securities have long been favoured by investors seeking a balance of portfolio stability and investment returns. Since the Global Financial Crisis (GFC) however, ultra-low interest rates had largely removed the attractiveness of the asset class – but today, we find ourselves in a very different environment, characterised by higher […]
ABE Weekly: Material Change Confirmed – RBA Hikes Again
Australian Bond Exchange Weekly Update Friday 10th November Key Points Material change confirmed – RBA hikes again IMF revises China outlook European inflation expectations rise Jerome Powell – “we will not hesitate” Have yields peaked? Global Cash Rates & Inflation The Reserve Bank of Australia (RBA) Cash Rate now sits at 4.35%pa and the annual […]