2022 will see global sovereign debt rise by 9.5%, up by US$6.2 trillion (AU$8.53 trillion) to a record US$71.6 trillion (AU$98.4 trillion), according to the second annual Janus Henderson Sovereign Debt Index. The increase will be driven by the US, Japan and China in particular, though almost every country...
Fixed income investment manager PIMCO has decided it will not proceed with the launch of its Australian listed investment trust, the PIMCO Global Income Opportunities Trust.
PIMCO cited insufficient demand due to residual investor concerns around the historical secondary market trading performance of segments of the LIT sector in the local...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook.
Market Review
Offshore and domestic yields rose sharply following hawkish commentary from the US Federal Reserve (Fed) after its first tightening. Inflation expectations rose as the impact of Russia’s invasion of...
Fund managers, Raymond Lee and Alwyn Hung, have launched Torica Capital, an experience fixed income and credit asset management group headquartered in Sydney.
Torica will manage funds on behalf of institutional, private and wholesale investors continuing their delivery of outstanding risk-adjusted returns over 20 plus years. The firm is expected...
AMP announced this week the completion of the sale of its global equities and fixed income (GEFI) business to Macquarie Asset Management (MAM).
As part of the sale, assets under management of approximately A$47 billion will transfer from AMP Capital to MAM.
On completion, AMP will receive a net completion amount...
Ukraine has raised $206 million (6.04 billion hryvnia) from its latest issue of domestic bonds to boost funding of the country's armed forces and military resistance to Russia’s invasion.
Dubbed 'war bonds', they offer an 11% yield for the one-year notes and are denominated in lots of 1,000 hryvnia ($33),...
Rising prices are demanding attention from investors and consumers but the underlying forces responsible for rising inflation may not be widely understood.
Michael Bazdarich, Product Specialist and Economist at Western Asset, part of the Franklin Templeton group has moved to dispel six common misconceptions regarding the dynamics of inflation related...
A new type of bond being issued by the World Bank will pay for successful efforts to protect critically endangered black rhinos in South Africa.
The World Bank priced the Wildlife Conservation Bond (WCB) in support of South Africa’s efforts to conserve endangered species. Also known as the “Rhino Bond,”...
By Ben Robins, Emerging Markets Debt Portfolio Specialist at T. Rowe Price
After a significant amount of speculation and consternation over a possible default, Russia has initiated coupon payments on two of its dollar bonds. This was a relief to markets, and the price of the bonds rallied on news...
Australian Bond Exchange (ABE)’s latest offering is a high-yielding Australian dollar denominated note over Goodyear Tire & Rubber Company.
NASDAQ-listed Goodyear develops, manufactures, and sells tires for cars, trucks, buses, aircraft, and earthmoving and mining and industrial equipment, as well as distributing chemicals and natural rubber products in 48 facilities...
