In New York, Global credit investment manager BlackRock has announced it is acquiring HPS Investment Partners for approximately $12 billion, with 100% of consideration paid in BlackRock equity.
BlackRock said in its statement: "The future of fixed income is building public and private portfolios to optimize liquidity, yield, and diversification....
Following a consultation period the Australian Prudential Regulation Authority has confirmed that it will phase out the use of Additional Tier 1 (AT1) capital instruments to simplify and improve the effectiveness of bank capital in a crisis.
APRA first proposed the move in September to phase out the use of AT1...
US global asset manager Nuveen has extended access to its private capital platform to Australian wholesale investors via the launch of the Nuveen Churchill Private Credit Income Fund. The fund has already secured early investment from a range of leading Australian wealth managers, including Drummond Capital Partners, Stanford Brown,...
Emma Lawson, Fixed Interest Strategist - Macroeconomics in the Janus Henderson Australian Fixed Interest team, provides her Australian economic analysis and market outlook.
Market Review
Markets settled after the US Presidential elections. The Australian bond market, as measured by the Bloomberg AusBond Composite 0+ Yr Index, rose 1.14%.
Bond markets settled through...
Last Friday, CBA launched and issued a new subordinated bond into a hotly contested market.
Price guidance for the (15NC10) 15-year, non call, 10 issue was 175bps, but the fixed to floating rate issue printed at 165bps. The initial fixed coupon rate was 6.152% for the expected S&P Global rated...
Betashares has launched an ETF to invest fully in an ethically-screened portfolio of Australian bonds.
The Betashares Ethical Australian Composite Bond ETF (ASX: AEBD) offers investors exposure to a diversified portfolio of high-quality Australian corporate and government bonds that are screened to exclude issuers (other than sovereign bond issuers) with...
Emma Lawson, Fixed Interest Strategist - Macroeconomics in the Janus Henderson Australian Fixed Interest team, provides her Australian economic analysis and market outlook.
Market Review
October was characterised by an outsized lift in yields, driven from the US market. The Australian bond market, as measured by the Bloomberg AusBond Composite 0+...
S&P Dow Jones Indices (S&P DJI) has published the SPIVA Australia Focus Mid-Year 2024 Highlights, which tracks the performance of actively managed funds in Australia versus their respective benchmarks across various time horizons.
According to the report’s findings, over the six-month period ending June 2024:
A majority (54%) of funds across...
Emma Lawson, Fixed Interest Strategist - Macroeconomics in the Janus Henderson Australian Fixed Interest team, provides her Australian economic analysis and market outlook.
Market Review
Bond markets tempered the outlook post an outsized US Federal Reserve (Fed) policy easing. The Australian bond market, as measured by the Bloomberg AusBond Composite 0+...
From Harvey Bradley, Portfolio Manager at Insight Investment regarding Reserve Bank of Australia interest rates decision.
The RBA left rates unchanged at their September meeting as the market had expected.
The domestic activity and labour market data has continued to be robust, which negates the need for the RBA to join developed...
