The U.S. Federal Reserve has raised interest rates by 0.25% and the signs point to more tightening in the pipeline, according to Silvia Dall Angelo, Senior Economist at Federated Hermes.
Dall Angelo said going into the Fed's meeting, the conflict in Ukraine had complicated the already tricky growth-inflation trade-off central...
Fixed income investment manager PIMCO has released details of the Global Income Opportunities Trust (PMX), its first listed investment trust for Australian investors.
The PIMCO PMX aims to deliver regular income and risk-adjusted returns by targeting PIMCO’s best income-generating ideas across multiple fixed income sectors globally. It targets a distribution...
Roy Morgan research has found that in February 2022 Australians expected inflation of 5.1% annually over the next two years, up 0.2% points from January 2022.
The level of Inflation Expectations in February is the highest for nearly eight years since June 2014 (5.3%).
Inflation Expectations are now 0.4% points above...
New capital notes offers in Australia are locking out retail shareholders from bank hybrid rollovers unless they are ‘sophisticated’ or wholesale investors under new Federal legislation provisions.
The legislation introduced targeted and principles-based design and distribution obligations in relation to financial products. The obligations require issuers and distributors to have...
A major fixed income investment manager has quit his role to join a crypto advisory firm and believes government bonds won’t exist in a decade.
Vimal Gor was previously Pendal’s head of bond, income and defensive strategies but has joined crypto firm Trovio where he will lead the company's digital...
The Reserve Bank of Australia (RBA) is unlikely to tighten monetary policy as aggressively as current market pricing suggests, and investors and borrowers should prepare for a cash rate peak of around 2.5% in this cycle, according to Western Asset Australian Bond Fund Portfolio Manager Anthony Kirkham.
Western Asset is...
The Commonwealth Bank of Australia has gone to the US bond markets seeking to raise between US$2 billion to US$5 billion.
According to the Australian Financial Review, CBA looks to have raised $4.5 billion with investors being split $3.25 billion in three and five year tranche and $1.25 billion in...
Twitter is re-entering the bond market with news that has offered US$1 billion of high-yield 8-year bonds in a private placement.
Dow Jones reported that the funds will be used for general corporate purposes, including capex, investments, to repay debt, to buy back its stock, working capital and for potential...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook.
Market review
Volatility returned as markets tried to discount the impact of Russia's invasion of the Ukraine on the global growth and inflation outlook and on central bank tightening timelines. Risk...
