Equities and CDS wilt but bonds keep on keeping on 18 May 2009 5:18PM The rally of the last two months in financial markets came to an end last week with equity and credit default swap indices going backwards. Some suggested that this is the start of a correction in the.. read more
Longer maturities cost more 18 May 2009 5:17PM The New Zealand Debt Management Office added a further NZ$100 million to its new May 2021 line last week, to take outstandings to NZ$200 million. The new bonds were issued at an average yield of 6.08.. read more
Monetary policy impotent on both sides of the Tasman 18 May 2009 5:16PM It seems that the Reserve Bank of Australia had already come to this conclusion, in relation to the Australian banks, and this may have influenced its decision not to lower the official cash rate the.. read more
FMG rating under pressure 18 May 2009 5:14PM FMG Finance Pty Ltd is the finance arm of Fortescue Metals Group (FMG) and has US$1.65 billion and €315 million of bonds on issue in the US s144A market with maturities ranging from September 2011 t.. read more
Equity raisings may support credit ratings but not always 18 May 2009 5:14PM Following the lead from GPT Group the week before last, Stockland Group became the next Australian real estate investment trust to approach the stock market with a sizeable equity raising, although th.. read more
Differing views on Wells Fargo 18 May 2009 5:12PM Fitch Ratings placed the ratings of nine US banking companies and their subsidiaries, including Wells Fargo & Co. (AA/F1+), on Rating Watch Negative, on Friday. The action reflects Fitch's view th.. read more
Credit markets shed most of their post-Lehman premium 11 May 2009 5:05PM The positive sentiment in credit and money markets continued last week despite the rumours on the results of the US stress test on its top banks and then the final confirmation. There were no surprise.. read more
Kangaroo sector waking up 11 May 2009 5:04PM Asian Development Bank became the next supranational to re-enter the kangaroo market last week. read more
ANZ wades in non-guaranteed waters 11 May 2009 5:04PM ANZ became the latest of the major banks to issue non-government guaranteed bonds last week, following the now well-established pattern of issuing three-year bonds. read more
Property trusts seek fresh credit ratings 11 May 2009 5:02PM As a possible precursor of things to come Standard & Poor's assigned an 'A-' corporate credit rating to AMP Capital Shopping Centre Fund with a stable outlook. The assignment of the rating follows.. read more