Investor survey: uncertainty reigns
Fitch Ratings and KangaNews have been conducting the Fixed-Income Investor Survey since the first half of 2014. The 2020 iteration combines a deeply negative outlook with vast areas of uncertainty to produce the survey’s most worrying set of data ever.
Buy side on hold
The Reserve Bank of Australia (RBA) jumped into the fog of dislocated debt capital markets in March with an unlimited government and semi-government asset purchase programme. Local investors are contemplating a cascade of market consequences.
RBA begins tapering without tantrum
The Reserve Bank of Australia is meeting its targets for unconventional monetary policy and has begun tapering its purchases. The market appears to have avoided an adverse response so far, indicating a degree of comfort with the RBA’s policy, analysts say.
Inflation-linked bonds a good match for Kāinga Ora
Inflation-linked bonds could come to form a greater portion of Kāinga Ora – Homes and Communities’ funding portfolio as it provides long-term funding matched to its primary revenue stream, the issuer tells KangaNews after its debut deal in the format.
Suncorp’s covered-bond print hints at improving market but caution reigns
In the wake of its return to domestic issuance, Suncorp-Metway says likely volatility in the months ahead mean it is more important than ever to secure funding when the opportunity presents. The issuer became the first Australian-domiciled credit issuer to print a new bond deal since the emergence of the COVID-19 crisis, on 20 April.