Week in review
Next Fed rate rise priced in for the June meeting, QBE subordinated notes the USD standout, and Virgin’s USD high yield debt look attractive after new AUD issuance. Investors switch out of high yield and into BoQ, Challenger and IAG. The Praeco bond offers standout relative value, and the new Aroundtown 2025 AUD bond a popular choice
Last week we had an excellent question from a client
Moving to higher quality investment grade securities is an ongoing theme for portfolios. RMBS looks attractive compared to similarly higher rated financial or corporate bonds
We have provided a report for Genworth Financial Mortgage Insurance (Genworth AU) full year 2017 results.
The IMF Bentham 7.40% notes due June 2020 is now available to retail investors. We initiate our coverage on the notes with a Market Perform recommendation. Our credit outlook is Stable.
We have provided an update for StockCo's 1H18 earnings
We have provided a report for Axsesstoday 1H18 results
We have provided a report for IMF Bentham 1H18 results
We have provided a research report for the zipMoney Trust 2017-1 Class B notes.
APRA's latest revision targets higher risk lending and outlines a simpler capital framework for small authorised deposit taking institutions. This note details the key proposed changes