ABE Weekly 12/05/2021
ABE Weekly 12/05/2021 Market Update “If you can’t feed a team with two pizzas, it’s too large” Jeff Bezos The RBA’s GDP growth forecast for 2021 has been lifted from 3.5% to 4.75%. That “burst” of growth is forecast to slow back to 3.5% (unchanged from February), and to 3% (unchanged) in the year to June 2023 […]
ABE Weekly 05/05/2021
ABE Weekly 05/05/2021 Market Update “Genius is one percent inspiration, ninety-nine percent perspiration.” Thomas Edison The RBA kept the official rate at 10bps this week following its monthly meeting. Policy changes will centre around an extension of the Yield Curve Control Policy (YCC) to target the November 2024 bonds from the April 2024 bonds; and a third QE program of $100 […]
ABE Weekly 28/04/2021
ABE Weekly 28/04/2021 Market Update “If you owe the bank $1m that’s your problem. If you owe the bank $100m, it’s their problem” J. Paul Getty Bond markets have been relatively stable this past week but still very much focused on economic data out of both the US and Australia. That said there will plenty of attention on what Fed Chairman Jay Powell will […]
ABE Weekly 21/04/2021
ABE Weekly 21/04/2021 Market Update “Folks this government isn’t too big to fail, it’s too big to succeed”. Sarah Palin With more commentary pointing to an ever-strengthening domestic economy people must be feeling a whole lot better about the future than they did this time last year. That said, there are plenty of businesses that are still struggling to […]
ABE Weekly – 13/04/2021
ABE Weekly 14/04/2021 Market Update “Markets can remain irrational longer than you can remain solvent”. JM Keynes The above quote from John Maynard Keynes can in some way be applied to the current state of world financial markets. He was perhaps the first economist to pioneer the idea of accommodative monetary policy. Accommodative monetary policy is when central banks […]
ABE Weekly – 07/04/2021
ABE Weekly 07/04/2021 Market Update “Business opportunities are like buses, there’s always another one coming”. Richard Branson The RBA met again on Apr 6 and decided to maintain the current policy settings of 10bp for the cash rate and the 3-year bond yield. The other point to note is that the RBA will continue with its bond purchase program. This […]
ABE Weekly 31/03/2021
ABE Weekly 31/03/2021 Market Update “Life is really simple, but social media has made it complicated”. Seems things are picking up in the US. A testament to the pace of the US recovery, initial jobless claims fell sharply in the week ended March 20, breaking below 700k to be at their lowest level in the post-pandemic period. But […]
ABE Weekly 24/03/2021
ABE Weekly 24/03/2021 Market Update “The secret of getting ahead is getting started.” – Richard Branson On the domestic front, it may sound unbelievable, but employment is essentially back to pre-COVID levels. Total employment for February: +88.7k from +29.5k; unemployment rate: 5.8% from 6.3%; participation rate is stable at 66.1%. In terms of the outlook for interest rates, there remains a long road to full employment, an […]
How to make bonds work for you
We recently ran a live webinar that explored what bonds are, and how they work. In it you’ll find: • Understand why bonds is the right option for you • Enable you to plan for your future by giving you stable and secure returns • Understand how investment bonds work • Appreciate why they can […]
ABE Weekly 17/03/2021
ABE Weekly 17/03/2021 Market Update “If your dreams don’t scare you, they are too small”. – Richard Branson On the home front the news just keeps getting better. The Westpac-Melbourne Institute Index of Consumer Sentiment increased by 2.6% to 111.8 in March from 109.1 in February. The Index is now just 0.2 points below the December level […]