No funding strain for local banks from overseas bank failures 26 May 2023 6:00AM Latest news John Kavanagh Australian banks are well ahead of their funding needs, including repayment of their Term Funding Facility borrowings, and have the flexibility to adapt their issuance to market conditions, the Reserv.. read more
Talk of a TFF extension premature, says RBA 21 March 2023 5:38AM Latest news John Kavanagh The Reserve Bank is confident Australian banks are well placed to continue issuing in volatile global bond markets, given the strength of their balance sheets, and that it will not have to delay repay.. read more
Briefs: QuickFee chair heads for exit, Butn tops up funding 10 October 2022 6:07AM Latest news Banking Day staff Barry Lewin, the executive chair of loss-making specialist lender QuickFee, will retire next month. read more
Briefs Former RBA payments head joins DFCRC Judo enters bond market anger over BNZ art sales 19 September 2022 6:02AM Appointments Banking Day staff The Reserve Bank’s former head of payments policy, Tony Richards, has been appointed chair of the CBDC Steering Committee at the Digital Finance Cooperative Research Centre. read more
Beware bond market dislocation, AOFM warns 29 June 2022 6:13AM Latest news John Kavanagh “Strong bouts” of volatility will continue to be a feature of the Australian and international bond markets for the foreseeable future, with the potential for market dislocation, the chief executive o.. read more
Corporate borrowers well placed as rates rise 17 June 2022 5:46AM Latest news John Kavanagh Australian corporates are well placed to meet their debt obligations, in the face of rising interest rates and a softer economic outlook, according to new research. read more
US Treasury yields on forced march 17 March 2021 5:13AM Latest news John Kavanagh Bond yields will keep rising to 2 per cent and possibly higher this year, Macquarie Securities forecasts. read more
Cashwerkz faces ‘material uncertainty’ 01 March 2021 6:32AM Latest news John Kavanagh The overhaul that Cashwerkz made to its business last year, with moves into bond brokerage and asset manager incubation, resulted in a cost blowout that has raised a question as to its viability. read more
Cashwerkz moves into bonds 25 August 2020 6:00AM Latest news John Kavanagh Cashwerkz has launched a new service offering bonds and other fixed income products to wholesale investors and financial advisers. read more
Aussie corporates bond low in debt market 17 August 2020 6:28AM Latest news John Kavanagh Financial sector debt market issuance is down in a system awash with liquidity and interest rates headed for zero. read more
RBA to buy more AGS 05 August 2020 6:24AM Latest news John Kavanagh The Reserve Bank will purchase Australian government securities in the secondary market today (Wednesday), after reporting that the yield on three-year government bonds has been a little above 25 basi.. read more
AOFM less fearful 31 July 2020 6:33AM Latest news Ian Rogers The broken state of the bond market was a surprise in Rob Nicholl’s AOFM update for the debt market yesterday. read more
Customer owned banks fall short on privacy obligations 06 July 2020 6:17AM Securitisation: RMBS John Kavanagh Customer owned banks have some work to do to bring their privacy and data security practices up to the standard required by their industry code. read more
Corporate bond ETFs a flawed model 17 June 2020 5:35AM Latest news John Kavanagh The structure many retail investors use for investment in corporate is flawed and exposes them to high risk, says Fixed income researcher BondAdviser. read more
Briefs: Kiwi govt loans 1b, NAB talks up UBank, new bond market player 27 May 2020 5:49AM Latest news Banking Day staff In its first fortnight of operation, the New Zealand government's Small Business Cash flow Loan Scheme has processed close to a billion dollars in interest-free loans to SMEs. read more
Corporate borrowers have eight months of liquidity 15 May 2020 5:41AM Latest news John Kavanagh Spreads in global high-yield credit, which were 1000-plus basis points not so long ago, are now averaging 760 bps. read more
BOQ issues first AUD covered bonds 15 May 2020 5:38AM Latest news Bernard Kellerman Bank of Queensland's first issue of AUD covered bonds was 2.9 times over-subscribed by 68 insto investors, with 64 successful. read more
Corporate refinancing risk looms 19 March 2020 5:12PM Debt capital markets John Kavanagh Australian corporate bond spreads have risen by an average of about 40 per cent, or 33 basis points, over the past three weeks, prompting Macquarie Securities to caution that credit markets could be d.. read more
Australian Unity keeps its fund raising simple 11 September 2019 4:05PM Debt capital markets John Kavanagh Financial services group Australian Unity has tapped the little-used simple bond market, launching two new series bonds on the Australian Securities Exchange. read more
Briefs: TMB switches chair, Metrics tests $300m bond 29 August 2019 3:55PM Briefs Banking Day staff Teachers Mutual Bank has a new chair. read more