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 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 [...]

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 [...]

ABE Weekly 10/03/2021

ABE Weekly 10/03/2021 Market Update     “Don’t let yesterday take up too much of today"     It’s ironic to think that the financial system collapse caused by COVID 19 is all but a distant memory now. Westpac recently lifted GDP growth forecasts from 4% to 4.5% for 2021 and is sticking to 3% for 2022. This suggests Australia is on track to achieve pre-pandemic GDP levels by Jun 2021 - who would [...]

ABE Weekly 02/03/2021

ABE Weekly 02/03/2021 Market Update     “Be the change that you wish to see in the world. "     It has been a while since we have seen so many discussions about the bond market. In this past couple of weeks we have seen moves in the longer part (10 YR) of the yield curve not seen for a while. This has been due to concerns about inflation and the impact this may have [...]

ABE Weekly 24/02/2021

ABX Weekly 24/02/2021 Market Update     “Do what you can, with what you have, where you are. "   You can’t ask for a better indicator of what’s happening across the world in the yield space than the recent issue of a new bond in Europe by H & M Group of EUR 500m / 8.5-year / 0.25% coupon bonds. This bond was heavily oversubscribed despite the very [...]

ABE Weekly 17/02/2021

ABX Weekly 17/02/2021 Market Update     “The greatest glory in living lies not in never falling, but in rising every time we fall. " Nelson Mandela  Yield curves across the world have started to steepen, something we have not seen for quite some time. This has certainly caught players off guard and caused some pain across the industry. In last week’s note we mentioned that investors [...]

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