Andrew Lockhart, Managing Partner, Metrics Credit Partners, presents an outlook for business credit in the next 12 months and the role it plays in a portfolio.
Like other areas of the economy, business credit will feel the weight of monetary policy tightening in 2023 as official interest rates rise to...
From Bell Potter
ANZ announced the offer of a new Additional Tier 1 (AT1) capital security, being ANZ Capital Notes 8 (ASX:AN3PK), to raise ~A$1bn on 15 February 2023. The ensuing margin bookbuild on 22 February 2023 was heavily subscribed and resulted in an early closure of the book with...
The real issue behind the recent banking turmoil is the constriction of credit supply that central banks are inducing notes Andrew Canobi, Director Franklin Templeton Fixed Income team in Melbourne, and Portfolio Manager for the Franklin Templeton Australian Absolute Return Bond Fund.
Canobi further adds: The commentariat until recently had...
Amundi Asset Management has provided commentary on the recent market and banking sector uncertainty in Europe.
Uncertainty in markets continued at the end of last week, with additional volatility in the banking sector and Deutsche Bank experiencing pressure in particular. In an attempt to calm markets down, ECB President Christine...
Following the collapse of SVB and Credit Suisse, Mutual Limited CIO Scott Rundell shares his post mortem:
The worst is behind us – Aussie banks are liquid
With the risk of new financial crisis waning, after last night’s comments from Yellen, one could suggest said body has a pulse. Nevertheless, I...
Credit Suisse (CS) has been an under-performing bank for years, if not decades. So, it should be no surprise that it faltered after US banks Silicon Valley Bank and Signature Bank collapsed last week.
CS is one of 30 global banks that is deemed systematically important. That is, would cause...
Fixed-income investment platform, Blossom, has provided a commentary on this week's turbulence in the banking industry and what it might mean for Australian investors.
Christian Baylis, Investment Manager, Blossom, on the unfolding developments in global banking and what they mean for the Australian industry:
SVB (Silicon Valley Bank) has been the...
The Santa Clara, California-based Silicon Valley Bank (SVB) has collapsed. This is the second-largest banking failure in US history and the largest failure since the Global Financial Crisis.
The US government has stepped in to protect depositors. The government will not bail out SVB. Shareholders are not protected. The deposit protection is...
From Seema Shah, Chief Markets Strategist, Principal Asset Management
With the fruitful tandem of low central bank policy rates and muted inflation no longer carrying asset prices higher, as they did in the decade following the Global Financial Crisis, investors need to thoughtfully reconsider their portfolio construction process, and reallocate...
