General
New issues update
In this article, our Head of Research, Philip Brown, summarises what BBSW is, how it behaves, and what is meant by bank bills, BBSY, swaps and benchmarks. The Bank Bill Swap Rate, commonly known as BBSW, is the most common measure of short-dated interest rates in Australia. Strictly speaking, it is the rate at which Australia’s prime banks borrow money for short periods, like three months or six months. BBSW is normally near, but just above, the RBA cash rate.
General
New issues update
As part of the recent FIIG webinar on the Macroeconomic Outlook, we opened the (digital) floor to questions. Working on the theory that if one person is curious enough to publicly ask the question, a lot more people are curious enough to know the answer, we present the questions from that webinar with answers written by FIIG’s Head of Research, Philip Brown.
General
New issues update
Trade opportunities
The current portfolio yields an indicative 5.80%* to the assumed maturity dates and is an approximate $205k spend.
Trade opportunities
FIIG’s Investment Strategy Team conducts an annual review of client portfolios, in addition to portfolio reviews carried out throughout the year. This assists clients to better understand the construction of their portfolios to make more insightful investment decisions.
General
New issues update
At FIIG
The team at FIIG share their favourite reads and podcasts for 2023
General
Look back on this year's most read articles.
Education (basics)
IABs offer protection against inflationary pressures, making them a crucial allocation during times of high inflation, but also offering many other benefits too. Here we discuss how they work and why they’re considered a core portfolio holding.
General
New issues update
At FIIG
FIIG's core purpose of making fixed income accessible to all Australian investors has been the catalyst for the company's 25 years of success, and how our DNA to constantly innovate and evolve our offerings to suit our clients' investment needs is what has helped the company to stand the test of time and continues to make us relevant today.
General
The RBA, the interest rate cycle and duration: Peaks in the cash rate create stable bond yields, but the rally starts well before the RBA cuts rates.
Trade opportunities
November marked a turning point in the last nearly 2 years of fighting inflation with rising interest rates. The market began firmly pricing in the end of hikes and the start of cuts. This is mainly because historically central banks have held rates steady at their peak for no more than about 7 months on average before cutting them again, as economies run into a wall of higher borrowing costs.