Yield curve points to recovery 16 June 2009 4:35PM A reading of US interest rates suggests the US economy should be returning to growth fairly soon and could grow quite strongly thereafter. read more
Tabcorp and RBS dominate domestic bond market 15 June 2009 4:40PM It was also a big week in the domestic market with some A$3.0 billion of bonds issued. This takes the year to date total to almost A$38 billion, which again compares well with a 2008 total of just ove.. read more
Offshore bond issuance well up on 2008 15 June 2009 4:40PM Offshore issuance dominated activity in the corporate bond market last week, with US$4.0 billion of bonds sold in the US s144A market alone. Suncorp Metway was the dominant name, raising US$2.5 billio.. read more
NIB sells onshore, BNZ offshore 15 June 2009 4:39PM Nordic Investment Bank returned to the New Zealand domestic market last week with a NZ$100 million addition to its April 2015 line. The line was opened at NZ$100 million in March last year and priced.. read more
90 day plus arrears worrying 15 June 2009 4:38PM Standard & Poor's last week released its March 2009 quarter data on arrears in the mortgage pool that supports Australia's pool of mortgage-backed securities. Like Moody's and Fitch before it, S&a.. read more
Ratings wobbles for CIT, Northern Rock and RBS 15 June 2009 4:37PM S&P has taken the view that the funding profile of CIT Group has not benefited from converting into a bank holding company to the degree expected and thus lowered the counterparty credit ratings a.. read more
Tasmanian budget is okay and the NSW budget is going to be 15 June 2009 4:37PM Both Moody's Investor Service and S&P affirmed their 'Aaa/AA+' credit ratings respectively, on the state of Tasmania with a stable outlook, following the release of the state budget on Thursday. M.. read more
which could also endow corporate bonds with a competitive advantage 09 June 2009 4:49PM Building government bond markets or, more specifically, sovereign bond markets, is always the first step that enables other financial markets to be developed. The existence of longer dated government.. read more
Debt management requires a 30-year bond 09 June 2009 4:49PM The Australian Office of Financial Management was in the news last week with the focus being on the massive funding task that it has in front of it. With $86 billion of CGS currently outstanding, AOFM.. read more
A catalyst for reviving the RMBS market 09 June 2009 4:48PM AOFM announced the mandates for the penultimate round of AOFM-supported, mortgage-backed securities issues last week. The critical aspects of the announcement were that AOFM has now invested $6.2 bill.. read more