ABE Weekly – 25/07/2018
Credit updates: The appetite for Australian corporate bonds improved over the week with new issues being well subscribed and a measure of the riskiness of Australian corporate bonds improving. (Itraxx Australia Index) Sydney Airport (SYD) released encouraging passenger data this week with June 2018 total passenger numbers up 1.8% from the prior corresponding period to […]
Weekly Flash 18/07/2018
Credit updates: The Retail corporate bond market continues to perform strongly with steady customer buying seen across the unrated bond space out to 4yr maturity. Equities remain volatile but had a strong week, led by US stocks. It’s important to note that US equity strength is being led by technology companies. (Amazon hit a new […]
ABE Weekly – 11/07/2018
Credit updates: Appetite for corporate bonds in the wholesale market has been affected by a volatile week for bank funding costs which affects appetite for all assets including bonds. The Retail corporate bond market, however, remained immune and generally in demand with some recent issuance being well received. Axsesstoday launched a simple corporate bond (ASX […]
ABE Weekly – 4/07/2018
Credit updates: Retail corporate bonds have continued to be in demand highlighting their relative immunity to global equity market fluctuations. Primary issuance of corporate bonds remains light, adding to the natural bid for bonds in the secondary market. NextDC have launched a new 3.9yr bond paying around the 6% area (subject to demand). NextDC has […]
ABE Weekly – 27/06/2018
Credit updates: Corporate bonds have continued to be well supported domestically as equity markets exhibit increasing volatility, and the safety of bonds as an asset class has become more appealing. Primary issuance of corporate bonds remains light, adding to the natural bid for bonds in the secondary market. NextDC are running investor updates with a […]
ABE Weekly – 20/06/2018
Credit updates: Corporate bonds have continued to be well supported domestically as lack of supply continues to be a driving issue. We have seen good buying interest in the 5-6% yielding bonds which offer a nice pick up to Term Deposits. NextDC have announced a new round of investor meetings with the view to launching […]
ABE Weekly – 6 June 2018
weekly_jun_6_18 Among other things, the following is discussed, ” … While some sectors of global equity markets have risen dramatically, especially the technology sector, others have fallen dramatically, such as European banks, especially Deutsche bank. This divergence of opinion on equity pricing is partly driven by divergent expectations about forward economic growth. Euphoria, in the […]
ABE Weekly – 30 May 2018
weekly_18_may_30 Dramatic bond market developments. US bond market factors less tightening. European banks collapse. Oil collapses. Equity sentiment sags.
ABE Weekly – 23 May 2018
weekly_18_may_23 Credit updates: • Dicker data (DDR) released their annual results with revenues increasing ahead of guidance, and a reduction in working capital and debt requirements, • Next DC (NXT): Announced the successful results of their Share Purchase Plan, raising $80.4m, and • Sydney Airport (SYD) updated their monthly traffic updates with resilient growth reported […]
ABE Weekly – 17th May 2018
Here’s the Australian Bond Market weekly flash for 17th May, 20018. It includes credit updates, current pricing, and comments on impacts to the market like the Iran treaty and the increased tension in the middle east. Download Here