General
New issues update
Trade opportunities
The current portfolio yields an indicative 5.93%* to the assumed maturity dates with an approximate $207k spend.
The FIIG Research Team recently released its Quarterly Macro Outlook, which provides insight into what to watch in markets over the period and how best to position fixed income portfolios. Here we provide a condensed version of the article, highlighting the key themes.
There is a very clear shift of the burden of taxation away from income and towards investment gains. The budget reduces the total size of the Government and the Government spending. As such, it will lean against inflation in a mild way – though many of the larger changes to taxation are not imminent and will, hopefully, be after inflation has already cooled.
Call dates are a common structural feature across many bonds in global markets, particularly for subordinated and hybrid instruments, and are typically included to provide issuers with flexibility around capital management, refinancing, and regulatory considerations.
With the Reserve Bank of Australia (RBA) hiking thrice already this year, and the uncertainty caused by the conflict in the Middle East, it’s worth checking there’s a good level of diversification in portfolios to mitigate rising risks. Here we discuss what to consider in portfolios with the current RBA rate outlook and market uncertainty.
Trade opportunities
We've updated our Sample Portfolios for the month.
General
New issues update
With markets expecting further rate hikes from the Reserve Bank of Australia this year, in this piece we explore this monetary policy tool and why Central Banks use it to achieve inflation targets.
General
New issues update