ABE Weekly: Record Surging Demand For Corporate Bonds | U.S. Equities Make All-Time Highs – Are Markets Getting Complacent?
Australian Bond Exchange Weekly Update Friday 26th January Key points Highest year-to-date figure for dollar-denominated debt on record Equity markets surge – the Future Fund tips credit Australian business confidence strengthens U.S. consumer confidence climbs Global Cash Rates & Inflation The Reserve Bank of Australia (RBA) Cash Rate now sits at35%pa and the annual inflation […]
ABE Weekly: The World Goes To The Polls – What’s In Store For Fixed Income?
Australian Bond Exchange Weekly Update Friday 19th January Key points Aussie consumer confidence: new year, same fear Upside surprise for UK inflation China’s growth tipped to slow to 4.6% in 2024 Solid U.S. retail sales tell a story of resilience German economy contracts 0.3% in 2023 Global Cash Rates & Inflation The Reserve Bank of […]
2024: Prime Time for Fixed-Income
Despite higher-than-expected U.S. CPI data released last week, there has been a substantial easing in the U.S. annual inflation rate, falling from 9.1% in June 2022 to 3.1% in November 2023. While bond markets wobbled on the news, Treasuries are still pricing in numerous rate cuts this year. This underscores that the market remains steadfast […]
ABE Weekly: RBA Likely To Hold In First Rate Decision For 2024
Australian Bond Exchange Weekly Update Friday 12th January Key points Australian Consumer Price Index Indicator cools ‘Down down’ – Coles slashes supermarket prices Aussie retail sales jump on Black Friday sales Euro Area retail sales weaken again, but optimism climbs U.S. inflation unexpectedly rises more than forecast Global Cash Rates & Inflation The Reserve Bank […]
With Rate Cut Expectations Growing – How Should Investors Position for 2024?
Despite persistent strength in the U.S. labour market with wages rising alongside robust job creation, US 10-Year Treasury yields are currently pricing in numerous cuts to interest rates as inflation tapers. Various major U.S. banks also subscribe to this view with Goldman Sachs expecting 3 25bp cuts to the Fed funds rate in March, May, […]
ABE Weekly: Are Rate Cuts Inbound? These Economists Think So
Australian Bond Exchange Weekly Update Friday 5th January Key points Economists expect RBA to cut in September Has U.S. inflation finally returned to target? ‘Diminished inflation risk’ – FOMC minutes Big inflation drop in the UK New year new RBA regime Global Cash Rates & Inflation The Reserve Bank of Australia (RBA) Cash Rate now […]
ABE Weekly: Rate Cuts Are Coming – Federal Reserve
Australian Bond Exchange Weekly Update Friday 15th December Key points Federal Reserve holds again – signals rate cuts in 2024 U.S. inflation continues to ease Aussie consumer confidence up, business confidence down Time to reposition? Future of payments – ABE partners with ANZ for first ever billing initiation solution Global Cash Rates & Inflation The […]
ABE Weekly: Is 13 The Lucky Number? RBA Holds As Growth Falters
Australian Bond Exchange Weekly Update Friday 8th December Key points RBA holds rates steady at 4.35%pa Australian quarterly GDP growth comes in weaker than expected Is the U.S. economy finally turning? Moody’s downgrades China outlook Global Cash Rates & Inflation The Reserve Bank of Australia (RBA) Cash Rate now sits at 4.35%pa and the annual […]
ABE Weekly: Cool But Not Cold – Monthly CPI Eases in October
Australian Bond Exchange Weekly Update Friday 1st December Key points Australian monthly CPI cools faster than expected No more RBA rate hikes – OECD Domestic retail sales slide lower New Deputy Governor appointed at the RBA Black Friday bonanza – U.S. retail sales surge Global Cash Rates & Inflation The Reserve Bank of Australia […]
ABE Weekly: So Hawk Right Now
Australian Bond Exchange Weekly Update Friday 24th November Key points Hawkish undertones over homegrown inflation Sufficiently restrictive – J Powell Westpac Leading Index for October dips Sohn Hearts and Minds – bullish on bonds Is the narrative starting to change? Global Cash Rates & Inflation The Reserve Bank of Australia (RBA) Cash Rate now sits […]