states

Latest news and analysis on states

Fixed Income

Victoria raises $7.9bn from VicRoads sale for COVID debt repayments

There are media reports abound that Victoria has raised $7.9 billion from the partial sale of VicRoads. Treasurer Tim Pallas, confirms the funds will go to the...
Jason Lindeman
Coolabah Capital
Macro

WA has downgraded its debt issuance in FY23 by a large margin and is actively repaying debt

WA has downgraded its debt issuance in 2022-23 (ie, FY23) by a large $1.3bn (or 20%) from its September 2021 budget estimate of $6.4bn and by $0.6bn from its...
Kieran Davies
Coolabah Capital
Fixed Income

Victorian budget surprises with debt issuance downgrade on underlying strength

While media reporting on Victoria's budget has been confusing, it has surprised the market, investors and analysts with material downward revisions to the size of...
Kieran Davies
Coolabah Capital
Macro

Much more defence spending required to properly protect Australia

In the AFR I write that unable to control Australia after decades of unprecedented espionage and propaganda, and having had scant success forcing us to bend the knee...
Christopher Joye
Coolabah Capital
Fixed Income

State bonds increasingly becoming a safe haven asset and credit hedge

Bank traders have frequently reported AA to AAA rated State government bonds (or semis) have been increasingly behaving like a "safe-haven" asset as the spreads they...
Christopher Joye
Coolabah Capital
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