cba

Fixed Income
Christopher Joye

Today I argue that while Labor have given ScoMo a shot of winning the election with its shocking recent mis-steps and its bizarre tax-everything-that-moves-platform, the media coverage and political analysis has never been more biased in all likelihood because those inside the beltway fervently believe that ScoMo does not have... Show More

Fixed Income
Christopher Joye

A few quick thoughts on recent credit spread movements in the Tier 2 subordinated bond and the Additional Tier 1 capital hybrid markets. First, the screenshot below shows the clean price of the most recently issued, 5 year major bank subordinated Tier 2 bond. The impact of APRA’s November 2018 consultation... Show More

Fixed Income
Christopher Joye

Today I write about an interview this week with one of Australia's most successful and innovative funds management pioneers, Magellan's Hamish Douglass, who says he would have no issue with ASIC applying the Future of Financial Advice (FOFA) laws to the burgeoning listed investment company/trust (LIC or LIT) space to... Show More

PM Capital

NAB, CBA and Westpac, among others, report in early May. In those results we expect credit growth to be stronger than what the market expects. However, we expect relatively poor topline growth for the banks as their net interest margins remain under pressure. Given that the banks have already said... Show More

Christopher Joye

In my AFR column I speculate that sanity could prevail and the mooted CBA hybrid that is expected to be launched next week could actually be attractive, offering a much higher margin and shorter maturity than Wesptac's latest issue (ASX: WBCPH) (click on that link to read for free or... Show More

Christopher Joye

In The AFR I argue that portfolio performance in 2017 will likely hinge heavily on which version of Donald Trump prevails: the aspirational entrepreneur who concentrates on the economy, delegating non-core decision-making in high-tail-risk areas like foreign policy to subject matter experts; or the impulsive and erratic megalomaniac who ushers... Show More

CommSec

CommSec Market Analyst Tom Piotrowski speaks with CBA Head of Fixed Income & Rates Research, Adam Donaldson about the impact of the Brexit vote on bond yields and Australian interest rates For CommSec’s Financial Year Wrap coverage, visit www.commsec.com.au/financialyearwrap Show More

Christopher Joye

In The AFR I argue that there are attractive investment opportunities in the extreme chaos gripping global financial markets and offer a mathematical view of how you should have allocated your capital over the last 27 years had you had perfect foresight. I also run the ruler over CBA's latest... Show More

Nathan Bell

At the recent International Rugby World Cup held in England the host nation failed to progress to the finals. Australia performed better but couldn’t knock off its arch nemesis, New Zealand, in the final. There is one arena where the Brits may outperform the Aussies over the next five years,... Show More

Matt Felsman

I spoke with Swiss financial television station Dukascopy TV about geopolitical event uncertainty, Australian AGM season and how can investors be smarter in their stock selection. Over the last 20 years, big positions in traditional Australian blue chip stocks have been rewarding for investors. BHP Billiton Limited and Rio Tinto... Show More