Week in review

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

Week in review

From the trading desk

Retail sales figures expected to shift the domestic market, RBA released the Statement on Monetary Policy, redemptions in G8 and RWH Finance and continuing popular trades in Frontier, Hertz, Liberty Financial, Sydney Airports, NEXTDC and Dicker Data

Week in review

From the trading desk

Investors were active in USD denominated bonds based on a strengthening AUD. Fed chair Janet Yellen signals more US rate hikes may be further away than previously thought

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