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ABX Weekly 25/03/2020 Market Update     The global turmoil has continued over the past week with Central Banks and Governments unleashing an unprecedented wave of cash to stabilise the financial and banking system. Equity markets in particular had one of the biggest recovery bounces of all-time last night and government bond yields have started to normalise across the globe indicating that the Central Bank interventions have started to show some signs of success.  Our RBA [...]

ABX Weekly 18/03/2020 Market Update     What a week! We have seen strong response from Central Bankers globally with some sort of QE programs back in place. The US Fed has in an emergency meeting cut rates by 1% down to almost zero and injecting massive of amount of money into the market to make sure [...]

ABX Weekly 11/03/2020 Market Update     Global markets continue to be driven by fear and the recent 50bps emergency cut from the Fed did very little to calm markets. Money has moved aggressively out of risk assets back into safe haven assets, causing Government bond yields falling to new all-time lows across the yield curve. The entire US [...]

ABX Weekly 26/02/2020 We have seen a considerable deterioration globally in the spread of the Coronavirus which more and more is causing a slowdown in growth globally. It doesn’t really come to a great surprise to us bond investors and we have taken as usual a much more cautious view with bond yield once again [...]

ABX Weekly 19/02/2020 Market Update   Australia’s profit reporting season is in full swing with a daily barrage of company news hitting the news wire. Australia’s biggest bank CBA for once surprised the market on the positive side which was a very refreshing change from the past couple of years when scandals and massive fines were overshadowing [...]

ABX Weekly 12/02/2020 Market Update     As expected, the RBA has kept interest rates unchanged at 0.75% at its first meeting last week. What did surprise the market was the upbeat comments following the decision by the Governor and his hesitance to further decrease rates. This of course is music to my ears as I have [...]

ABX Weekly 04/12/2019 Market Update       Australia’s economy slowed last quarter as interest-rate and tax cuts failed to spur household spending, reinforcing expectations the central bank will need to resume its easing next year. Gross domestic product (GDP) advanced 0.4% (which was below economist forecast of 0.5%) for the third quarter while previous quarterly growth (Q2) was revised higher to 0.6%.  The [...]

ABX Weekly 27/11/2019 Market Update   The big news yesterday was the much-anticipated speech by RBA Governor Philip Lowe. The main message was that any sort of QE program is clearly off the cards until official rates hit 0.25%. With the current stimulus and economic figures, it seems unlikely that the RBA will be forced to cut [...]

ABX Weekly 20/11/2019 Market Update      One of the biggest news this week was the surprise revelation yesterday that the Reserve Bank board acknowledged in the recently released minutes that there was a compelling case for cutting the cash rate again to a new record low before leaving it unchanged at 0.75 per cent at its November meeting.  The minutes [...]