Just as life in Australia seems to be getting back to normal, it was also more of the same in financial markets, as we saw a small recovery from the savage sell-off on Thursday. As I suggested on Friday, there appears to be more cash on the sidelines looking...
It is difficult to comprehend that the S&P500 is now pretty much unchanged on the year; how does that happen? Well, don’t fight the Fed is as good a place as any to start. In fairness, whether you believe the US jobs data or not, it was enough to...
Unsecured bond holders in Virgin Australia, owed nearly $2 billion, will have their fate decided in the coming weeks with the impending sale of the airline to one of two short-listed U.S.-based bidders.
Virgin most recently raised $325 million through an ASX-listed bond issue and US$425m through the U.S. high...
Donald Trump largely stuck to his script on Friday when talking about Hong Kong and China, so investors collectively breathed a sigh of relief. As such, risk assets were able to largely squeak a bit higher, although 10yr UST yields dipped 5bp to 0.65%.
This may all change this week,...
After David Jones was granted covenant waivers from its banks last week, bondholders will likely have little option but to agree to the waivers as well. This follows a reported collapse in sales last week.
David Jones and its stable of Australian fashion stores under the Country Road Group reported...
It was a quiet end to the week in the US as most Americans started to leave work (home) for Memorial Day holiday, which usually signals the start of summer; this year will be somewhat different but it looks like the in-laws’ lake camp in upstate NY is already...
Telstra, Transurban and APT Pipelines all issued euro-denominated bonds over the last few months, accessing the busier than usual European bond market.
In contrast, the domestic corporate bond market has been relatively quiet until last week when Woolworths broke the drought and bought a $1 billion, dual tranche deal to...
The Reserve Bank of Australia has broadened the range of corporate debt securities that are eligible as collateral for domestic market operations to include non-bank, investment grade securities, to assist with the smooth functioning of Australian capital markets.
Reserve Bank Governor Philip Lowe, following its monthly meeting on Tuesday, announced...
ASX-listed investment manager Neuberger Berman has secured more than $340 million of new investments as part of a capital raising for its NB Global Corporate Income Trust (NBI).
Following settlement, Neuberger Berman will be the largest global fixed income listed investment trust (LIT) on the Australian Securities Exchange (ASX) with...
Income investors are flocking to bonds to shore up income.
To put the demand into perspective, consider when global investment firm, KKR launched a high yield credit fund (ASX:KKC) in the second half of last year it was rushed by retail investors.. The fund was set up as a Listed...
