ABX Weekly 15/05/2019
ABX weekly 15/05/2019 Market Update Whatever hopes existed for a breakthrough on trade between the U.S. and China were dashed over the week as both sides seemed to harden their positions. President Donald Trump doubled-down on his claim that Beijing broke the deal, while Chinese state media blamed him for the impasse and emphasised the Asian […]
ABX Weekly 8/05/2019
ABX weekly 08/05/2019 Market Update The Australian Bond Exchange correctly forecast that the RBA would keep interest rates unchanged at the May Board meeting. While the market was uncertain of the outcome, with over 50% of market participants predicting a cut in rate, the analyst here did not believe the RBA had enough information to justify […]
ABX Weekly 1/05/2019
ABX weekly 01/05/2019 Market Update The S&P 500 closed at record all-time closing highs Friday. This was due to US Q1 GDP coming in strongly @3.2%, well above the previous 4Q18’s GDP growth of 2.2% and market expectations. The Goldilocks range dominates, as corporate earnings do enough to maintain these record stock prices but with modest […]
ABX Weekly 24/04/2019
ABX weekly 24/04/2019 Market Update Officials in Beijing signalled they are less comfortable adding further stimulus to the economy, leading to losses over the past two days for some of the world’s hottest markets. The CSI 300, which had surged almost 40 percent this year on the back of policy loosening, fell further overnight after […]
ABX Weekly 17/04/2019
ABX weekly 17/04/2019 Market Update Positive trade sentiment has boosted confidence throughout the market during the past week with China and the U.S. continue to work on narrowing their trade differences. Additional good news came from the Chinese economy with the release of better than expected economic growth figures. Its economic growth recorded 6.4% for the first quarter of this year […]
ABX Weekly 10/04/2019
ABX weekly 10/04/2019 Market Update The US Fed has its meeting this week, with a near hundred per cent consensus they will keep rates unchanged the market is more interested to see the path it will take for the rest of the year. With all the geopolitical risk going on we believe it would be […]
ABX Weekly 03/04/2019
ABX weekly 03/04/19 Market Update The Apr RBA policy decision was as expected keeping rates unchanged and the Governor’s statement was fairly low key ahead of the Federal Budget at 7:30 pm. The Australian Government has promised to deliver a surplus of $7.1 billion next year, pay off all debt in a decade, and provide tax cuts and […]
Buying bonds for your Self-Managed Super Fund?
The 4 Key Questions for First-Time Buyers Bonds might seem confusing but they’re actually very simple. If you’re unfamiliar with how bonds work or which bonds are right for your investment goals, here are a few questions that can help. Bond basics A bond is essentially a way for an organization to issue debt without […]
ABX Weekly 27/03/2019
ABX weekly 27/03/2019 Market Update The U.S. posted its biggest monthly budget deficit on record last month, thanks in part to the combination of falling corporate and individual tax revenue and increasing federal spending. Following on from our inverted yield curve comment last week The US curve has also inverted in the 3 months against the US 10s. […]
ABX Weekly 20/03/2019
ABX weekly 20/03/2019 20th March 2019 Market Update The yield compression story continued this week and we saw the Australian 3-year Government bonds trading below the cash rate! While that may be partially due to lower market liquidity on the back of future rolls it still surprised us how negative currently the sentiment is in […]