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

This week, markets appear steady despite Canberra turmoil, RBA & FOMC meetings mean imminent rate change unlikely, CCV investors switch to other FIIG originated bonds, Syd Airport 2030 inflation linked bond demand continues, investors continue to assess JC Penney holdings, USD Virgin 2021 popular

Week in review

From the trading desk

This week, lower probability of an interest rate hike, Ausdrill and Barminco announce a potential merger, clients like the runway switch and RMBS to reduce duration.

Week in review

From the trading desk

This week, US sanctions on Turkey impacts global markets, New DirectBond from Nufarm, IAMGOLD 2025 remains popular, Frontier and Talen lines downgraded by S&P, FIIG originated bonds traded heavily throughout the week

Week in review

From the trading desk

This week Australian retail sales beat expectations and 10 year government bonds up, FIIG new issue from Zenith Energy, ‘lower for longer’ trend sees clients switching from Downer 2022s to Aroundtown 2025s. Gold bonds - IAMGOLD, Kinross and Newcrest in focus. Adani USD 2022 trading wider than comparable NCIG bond at an indicative yield to worst of 6.39%pa

Week in review

From the trading desk

US 10 year Treasury yields still under 3%, prices stabilise for favourite USD issues and we have supply in high yield names, Asciano 2025 attractive to investors looking to extend portfolio duration and yield, popularity for Virgin 2023 AUD continues, supply in FIIG originated bonds includes LUCAS, Praeco an attractive investment grade bond for retail investors

Week in review

From the trading desk

Investors capitalise on weak prices of Aussie USD issuers, supply remains across a number of high yield issues, US spread between two and 10 year Treasuries forecast to invert, Impact and Sunland fixed rate, senior bonds now available to all investors, NCIG’s new investment grade senior secured bond added to FIIG’s DirectBond menu as its junior subordinated debt active with callable yield over 8.00%pa, NRW announces new contract with BHP

Trade opportunities

Ei Group - GBP DirectBond

Last year we DirectBonded UK based Ei Group, the UK’s largest leased and tenanted pub operator. The bonds have been difficult to source but we now have access. Low minimum GBP10,000 parcels make this bond worth reviewing. We compare it to five other GBP options

Week in review

From the trading desk

The US Treasury yield curve continues to flatten, investors switch out of Transocean and into Sprint, FIIG favourite names in good supply with downward pressure on USD bonds issued by Australian companies. Demand for the Virgin 2023s continues, Sydney Airport 2030s attractive amid inflation expectations and new NextDC 2021 to start trading. RMBS supply still available.

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