Week in review

Week in review

From the trading desk

Bank lending tightens and wages rise putting pressure on household finances, Australian GDP growth on the upside, supply for Suncorp 2023c remains accessible, AAA rated Ale 2023 ILB bond still in supply, PJS 2030 IAB popular as longer dated inflation hedge

Week in review

From the trading desk

Cash Converters maturity draws near and investors sell early, while Qantas and Virgin bonds do battle, investors sell USD Ensco while Westpac hiked its variable mortgage rates

Week in review

From the trading desk

This week, markets appear steady despite Canberra turmoil, RBA & FOMC meetings mean imminent rate change unlikely, CCV investors switch to other FIIG originated bonds, Syd Airport 2030 inflation linked bond demand continues, investors continue to assess JC Penney holdings, USD Virgin 2021 popular

Week in review

From the trading desk

This week, lower probability of an interest rate hike, Ausdrill and Barminco announce a potential merger, clients like the runway switch and RMBS to reduce duration.

Week in review

From the trading desk

This week, US sanctions on Turkey impacts global markets, New DirectBond from Nufarm, IAMGOLD 2025 remains popular, Frontier and Talen lines downgraded by S&P, FIIG originated bonds traded heavily throughout the week

Week in review

From the trading desk

This week Australian retail sales beat expectations and 10 year government bonds up, FIIG new issue from Zenith Energy, ‘lower for longer’ trend sees clients switching from Downer 2022s to Aroundtown 2025s. Gold bonds - IAMGOLD, Kinross and Newcrest in focus. Adani USD 2022 trading wider than comparable NCIG bond at an indicative yield to worst of 6.39%pa

Week in review

From the trading desk

US 10 year Treasury yields still under 3%, prices stabilise for favourite USD issues and we have supply in high yield names, Asciano 2025 attractive to investors looking to extend portfolio duration and yield, popularity for Virgin 2023 AUD continues, supply in FIIG originated bonds includes LUCAS, Praeco an attractive investment grade bond for retail investors

Week in review

From the trading desk

Investors capitalise on weak prices of Aussie USD issuers, supply remains across a number of high yield issues, US spread between two and 10 year Treasuries forecast to invert, Impact and Sunland fixed rate, senior bonds now available to all investors, NCIG’s new investment grade senior secured bond added to FIIG’s DirectBond menu as its junior subordinated debt active with callable yield over 8.00%pa, NRW announces new contract with BHP

Week in review

From the trading desk

The US Treasury yield curve continues to flatten, investors switch out of Transocean and into Sprint, FIIG favourite names in good supply with downward pressure on USD bonds issued by Australian companies. Demand for the Virgin 2023s continues, Sydney Airport 2030s attractive amid inflation expectations and new NextDC 2021 to start trading. RMBS supply still available.

Week in review

From the trading desk

More increases expected in the Fed funds rate, investors sell USD bonds and bring funds home, NextDC issues a A$300m fixed and floating rate tranche, trades in the PMP 2019 callable bond, and RMBS a popular choice for wholesale investors. Research initiates it recommendation on the Virgin AUD 2023 bond

Read more