Investment management firm Daintree Capital today marked the first time Hybrid Opportunities Fund (ASX:DHOF) was quoted on the ASX.
An announcement by Daintree said ASX:DHOF was an innovative single unit structure, which meant investors could either apply directly for units or trade units on the exchange.
Managed by Daintree Capital and...
Roy Morgan research has found that in October 2021 Australians expected inflation of 4.8% annually over the next two years, up 0.3% points, and the highest Inflation Expectations for seven years since November 2014. Inflation Expectations are now a large 1.3% points higher than a year ago in October...
Market Review & Outlook
Alternative fixed income manager CIP Asset Management (CIPAM) publish a quarterly market review and outlook across a range of sub sectors. It’s got some great insights, which we condense in this article.
1. Corporate (Credit) excluding Financials
Summary - Public investment grade markets remain expensive, high yield has...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook.
Market review
Inflation fears led markets to ignore Reserve Bank of Australia (RBA) forward guidance and bring forward ‘lift-off’ in the cash rate to mid next year. Yields rose sharply across...
The big local development last week was the higher than expected trimmed mean CPI outcome, with annual growth pushing up to 2.1%. Although in large part this appears to reflect the same supply bottlenecks afflicting the world (especially with local wage growth still fairly subdued), it does mean that...
Twelve recommendations have been made to support the development of a more active corporate bond market in Australia.
The House of Representatives Standing Committee on Tax and Revenue today presented its report titled The Development of the Australian Corporate Bond Market: A Way Forward.
Corporate bonds are a type of debt security,...
The Reserve Bank of Australia has released its annual report for 2020-21 which showed a $4.3 billion loss for the year due to price falls on government bonds it purchased in an effort to stimulate the economy and through appreciation of the Australian dollar.
$8.2 billion of unrealised valuation losses...
The Reserve Bank of Australia stepped in to defend its yield target on Friday, buying $1 billion of bonds after traders doubted the assurance the cash rate won't rise until 2024.
The RBA's April 2024 bond auction was weighted with an average yield of 0.12%, Yieldbroker data showed, which is...
Flight Centre has raised A$400 million through a convertible bond deal underwritten by UBS and Bank of America.
The Flight Centre bonds will have a coupon of 1.625% per annum, a conversion premium of 30 per cent, and a term of seven years.
An announcement by Flight Centre would use the...
