Week in review

Week in review

From the trading desk

US CPI missed expectations, Australian households remain highly levered, Frontier Communications attractive after price depreciation while investors took profits in NCIG.IMF Bentham 2020 remains well bid and investors switched out of AAPT 2020 and in favour of USD denominated bonds. Indexed annuities bonds a popular inflation hedge

Week in review

From the trading desk

US CPI is due, NZ First Party to form coalition, FIIG originated Lucas TCS success on the secondary market along with a new issue from Elanor Investors, risks rising for QBE 2026 sub debt, NCIG and Frontier holders lock in profits and active trades in Avon Products and AAPT. Our latest sample portfolios are now available

Week in review

From the trading desk

Iron ore price continues to decrease causing the AUD to fall, US unemployment data is expected Friday, FIIG originated Lucas TCS trading above $100 in secondary market and price gains in NCIG sub debt has seen investors take profit. RMBS and Sydney Airport continues to see active trading and Rackspace a go to trade for clients wanting to diversify after Transocean’s price appreciation

Week in review

From the trading desk

Australian unemployment data due out Thursday, US GDP forecasts downgraded post the Florida storms, IPG to redeem notes as part of Pro-Pac’s acquisition, QBE rating reaffirmed, popular trades in Barminco, Rackspace and Avon, with Dell bonds a good switch target. Continuing trades in high yield RMBS and Sydney Airport 2020 and 2030 bonds. China and UK downgraded by S&P and Moody’s respectively, AUD falls below 80 cents despite USD weakness, Newcastle Coal issued a USD 10 year senior secured bond. Continued demand in RMBS with new Apollo 2017-1 notes and strong trades in Sydney Airport 2020 and 2030s. New DirectBonds from JC Penney and Ei Group and new FIIG originated bond issue – Lucas Total Contract Solutions 8.00% 2022 bond

Week in review

From the trading desk

Australian unemployment data due out Thursday, US GDP forecasts downgraded post the Florida storms, IPG to redeem notes as part of Pro-Pac’s acquisition, QBE rating reaffirmed, popular trades in Barminco, Rackspace and Avon, with Dell bonds a good switch target. Continuing trades in high yield RMBS and Sydney Airport 2020 and 2030 bonds. Strong employment numbers released last week, focus on US Federal Open Market Committee meeting while RBA minutes are expected. Strong trades in Barminco and in Rackspace despite a Moody’s downgrade and a comeback for FIIG bond issuance. The RMBS space is attractive with new SMHL and La Trobe notes

Week in review

From the trading desk

Australian unemployment data due out Thursday, US GDP forecasts downgraded post the Florida storms, IPG to redeem notes as part of Pro-Pac’s acquisition, QBE rating reaffirmed, popular trades in Barminco, Rackspace and Avon, with Dell bonds a good switch target. Continuing trades in high yield RMBS and Sydney Airport 2020 and 2030 bonds.

Week in review

From the trading desk

US unemployment data weaker than expected, Eurozone inflation hits a four month high, offers reappear in Adani Abbot Point, new DirectBond added Windstream 2020, strong demand in Barminco 2022 and Ensco 2025 bonds, and the RWH annuity, RMBS bonds and inflation securities in high demand

Week in review

From the trading desk

The Australian dollar is trading above 0.79, US unemployment data is released this Friday, Fed governor Powell warns of failure to raise the government’s borrowing limit and strong demand for Novacare 2033 and Barminco 2022 bonds. Also, new DirectBonds from Petrobras Global Finance and new supply in Liberty RMBS notes

Week in review

From the trading desk

Credit indices widen as Trump wallows, increased appeal in 10 year US Treasuries, a new GBP DirectBond from Petrobras, RWH and Sydney Airport remain in favour and investors look to diversify with the new Avon Products 2022 bond

Week in review

From the trading desk

US CPI weaker than expected, RBA mentioned rates will go up but not for some time, demand for RWH IAB bond following positive rating news and popular trades in Ensco, Pepper and automotive issuers

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