leighwinton

Leigh Winton

Head of Portfolio Strategies

Leigh Winton has over 20 years’ experience within Financial markets within the asset classes of Fixed Income, Foreign-Exchange, Derivatives and Commodities, predominantly within JPM, RBS, CBA & HSBC (Midland).

Leigh has a mix of Structuring, Product and Sales backgrounds, with his highest educational qualification being a Master of Business (in Finance) from UTS.

Whilst at CBA, Leigh was the co-Head of an investor products business which originated and distributed Fixed Income products within the CBA channels of Middle-market Instos, CBA Private Bank and CommSec.

Explaining products in simplistic terms have been a key part of Leigh’s roles to date.

Week in review

From the trading desk

Disappointing US average earnings, active trading in Barminco continues, price rallies in the Sprint 2023 and 2025 bonds following merger talks, Dean Foods downgraded. Investment grade BoQ sub debt available, switches into the IAG Tier 2 note from AUD FRNs. CML and Capitol Health due to repay investors. Plenary’s new subordinated notes still open

Week in review

From the trading desk

US data beats expectations, Aussie cash rate expected to hold at RBA meeting, Bristow proves popular as yields fall, Barminco at an attractive yield while Ensco sells after weaker 1Q18 results. Switches from high yield AUD names into IAG 2023 FRN, and active trades in Cash Converters 2018 as a short dated option. Supply in RMBS lines were in demand last week

Week in review

From the trading desk

Trump blames OPEC for ‘artificially high’ oil prices, Bristow the standout USD high yield bond, Rackspace continues to be a popular trade with sub investment grade Dean Foods and JC Penney offering high yields, FRNs on demand to minimise interest rate risk exposure, investor interest in Adani’s shortening maturity and FIIG originated Lucas TCS a great sector diversifier. If you own Capitol Health bonds, remember, they are being called on 10 May

Week in review

From the trading desk

Market still expects rate hikes this year following hawkish FOMC minutes, investors see recent Rackspace price weakness a buy opportunity, Cash Converters great short term investment, Asciano 2027 FRNs available, and Liberty Finance a popular switch target after 2021 bond issuance. The latest new DirectBonds include Teva and Calpine, offering exposure to the pharmaceutical and energy sectors

Week in review

From the trading desk

US jobs figures reverse previously upbeat employment growth, Rackspace a standout USD high yield trade amidst IPO speculation, FIIG originated IMF Bentham now available to retail investors with strong supply, and CML calls its fixed rate notes in May. Investors switch into new DirectBonded IAG 2044 bond from other subordinated debt and two new DirectBonds from Teva Pharmaceuticals maturing in 2023 and 2026

Week in review

From the trading desk

Subdued market reaction to Fed rate hikes while unchanged Aussie rate outlook continues, Frontier buys back over USD1.6bn in tender results, Rackspace yielding above 8%, investors exit Newcrest following outlook downgrade, and switches to QMS 2022 bond before McPherson’s call date. High demand for foreign DBS 2023 bond, and Emirates and Qatar 2028 bonds. Active trades in new DirectBonds including Bristow, JC Penney and Sprint

Week in review

From the trading desk

RBA minutes expected to show unchanged rate expectations this year, Frontier sell off sees funds reinvested into high yield USD names, including Bristow, Sprint and Dean Foods; small supply available in QMS Media, and new issues from JC Penney and Pioneer Credit made available to FIIG clients. Last chance to reinvest McPherson’s monies with popular switches into PMP, CFAP and Merredin

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