Education (basics),Education
In this final edition for the Bond basics series we will explain the capital structure – one of the key defining pieces of information about the risk of your bond – and see how it works in practice.
Trade opportunities
November definitely followed on from where October left off, with lots of primary issuance activity and some large macro-economic events towards the end of the month.
Trade opportunities
Markets had anticipated less new issuance due to monetary policies, however investors still saw a healthy pipeline of supply. This was mostly a result of corporate issuers taking advantage of market conditions and locking in funding ahead of any potential rate rises in the near future. Green issuance was also on the rise over the year. Here we discuss the key trends in primary markets over 2021.
General
New issues update
Education (basics),Education
With the upcoming festive season it is a good time to look to your bond portfolio and see what has happened over the last 12 months and make some decisions about whether it is still fit for purpose.
Education (basics),Education
In bond basics 2, we will go on to explain the basics around a bond itself, what the market looks like and how they work, so that investors new to the asset class can gain familiarity with them whilst considering taking an exposure for the reasons in the first article.
Trade opportunities
Last week FIIG was the sole lead arranger for the Racing Australia Consolidated Enterprises Ltd (“RACE”) issue of A$45m 6 year, 6.25% Secured Amortising Notes.
General
New issues update
Trade opportunities
Whilst last month’s announcement was a damp squib, further commentary from Regional Presidents seemed to convince the market that longer term (10-year) yields needed to be higher, and we saw the Australian government 10-year yield follow the US Treasury about 30bps (0.30%) higher over the month.
Education (basics),Education
Commentary on the advantages of having fixed income investments in your portfolio, and how this allows you to not be over exposed by the equity market.