Company updates
BlueScope has made an announcement to the market that it expects to deliver unaudited underlying earnings before interest and tax (EBIT) for 1H16 of $230m, 28% ahead of previous guidance of $180m
Opinion
The US economy grew by 2.3% per annum in the 12 months to 30 June 2015, according to estimates of Q2 2015 GDP released last night. Markets were expecting 2.5% to 3.0% p.a. and FIIG had expected 2.4% p.a.
Trade opportunities
Last Thursday, Fortescue announced the successful completion of a new US high yield bond offer, which will be used to pay out its near term bonds
Opinion
Robert Shiller, Nobel Prize winner, wrote an article recently that brings some common sense to some of the uninformed commentary seen in the mainstream Australian media recently about so called "bond bubbles"
Company factsheets
QBE Insurance Group Ltd USD 5.875% 17 June 2046 subordinated Tier 2 bond
Company updates
Analyst comment following further iron ore price falls
Education (advanced)
There is a very wide range of foreign currency bonds available. Yield to maturity in USD bonds range from -0.55% to over 18%. This article considers the risks and well as the probabilities of default for USD bonds using the S&P historic global default table
Company factsheets
FMG Resources (August 2006) Pty Ltd USD 8.250% 1 November 2019 senior unsecured bond factsheet
Company factsheets
FMG Resources (August 2006) Pty Ltd USD 9.75% 01 March 2022 senior secured bond factsheet
Opinion
This note shows how you can invest in high yield USD bonds, earn a high return and still profit from a falling Australian dollar.