Benefits of being a Wholesale Client - Ratings

Being a Wholesale Client can impact the choices you can make as a bond investor. We feel it is an important classification to be aware of as it significantly improves your choice of available bonds, and so we are going back through the Benefits of being a Wholesale Client series as a recap.

Where to after Hybrids

The bank hybrid market is very large: there’s consistently been between $A35bn and $A40bn on issue for the last five years. In December last year, APRA confirmed that Australian banks would no longer be able to use so-called “Hybrid Capital” or “AT1s” as part of their capital structure.

US Tariffs - Part Two

Understanding the effect of US tariffs on the rest of the world is mostly about second and third order effects, and weighing up which effect is going to be the strongest.

US Tariffs - Part One

Over the weekend of February 1-2, Australian time, US President Donald Trump fired the opening salvos in what might have become (and may yet become) a nasty trade war between supposed allies the US, Canada and Mexico.

BBSW - what is it and how is it used

The Bank Bill Swap Rate, commonly known as BBSW, is the most common measure of short-dated interest rates in Australia. Strictly speaking, it is the rate at which Australia’s prime banks borrow money for short periods, like three months or six months. BBSW is normally near, but just above, the RBA cash rate.

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