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Australian banks made to sweat it out by rising BBSW
The cost for a bank to fund itself in Australia has increased. This is not just an Australian phenomenon and is not directly related to the RBA. The impact of this affects investors in floating-rate notes and floating-rate XTBs; it may also affect mortgage costs and bank deposits.
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How many bonds do I need to be diversified?
Due to popular demand we are bringing back this article we first published in September last year which examines this very question. Unlike equities, bonds have a maturity date and value so their future worth is known. Bonds are far less volatile than equities and their future price is set. If held to maturity, there is almost no need to diversify among bonds as the need to protect against a future downside is annulled.
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Bond Markets: The month that was March '18
Trade wars have greatest impact on market sentiment
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March saw the expected first of three, possibly four increases by the US Federal Reserve, strong US payrolls and the RBA creating new records for how long it can stay on hold. However, it was trade wars that affected sentiment and bonds generally produced positive returns.
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Is a barbell approach to SMSF asset allocation weakening portfolios?
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Recent data indicates that many SMSFs have most of their investments concentrated in equites and cash. This strategy of heavy weightings at either end of the risk spectrum with little in between is known as a barbell. Is this the best investment tactic? Does bulking up on equites & cash actually weaken a portfolio?
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Balancing Risk and Return for your Investments
There is always a trade-off between risk and return. There is no such thing as a low risk high return investment. To achieve a balanced portfolio, investments need to be spread across the risk spectrum to avoid having all eggs in one basket.
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Get the best of both worlds in your SMSF
Many investors are not optimising the secure component of their SMSF due to over-allocation to cash & TDs. Our guide will help your clients strike the right balance between security and growth.
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Guide to Fixed Income
Not all fixed income investments are created equal. Our free guide will take your clients through the pros and cons of each of the products within the fixed income asset class to help you work out which are right for their portfolio.
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GLOSSARY: BBSW
Is the Bank Bill Swap (BBSW) Benchmark Rate published in accordance with ASX conventions. An example is the 3 Month BBSW, which is an interest rate payable in respect of borrowings amongst banks for loans with a 3 month tenor.
View our glossary for more terms
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Interactive tools & calculators
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Cash Flow Tool
Build a portfolio of up to 10 XTBs and chart coupon payments and total return. With pre-loaded XTB portfolios, it only takes 3 clicks to visualise the income your clients could receive from XTBs.
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Interactive XTB Table
The Available XTBs table lets you filter by Company, Maturity Date, YTM and much more. Click on table headers, or use the filters to narrow your selection and build an XTB portfolio on the fly.
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17 APR: YTMF07 - ANZ BBSW+0.82% 17 APR 2020
20 APR: YTMAP1 - APT Pipelines 3.75% 20 OCT 2023
23 APR: YTMF06 - Suncorp BBSW+1.10% 23 APR 2019
23 APR: YTMSCG - Scentre 5.00% 23 OCT 2019
27 APR: YTMQF1 - Qantas 6.50% 27 APR 2020
28 APR: YTMAZJ - Aurizon 5.75% 28 OCT 2020
Keep up to date with XTB coupon dates on our website calendar, or follow us on Twitter or LinkedIn.
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06 APR: Volkswagon prints A$699 million in Driver Australia Five ABS deal
06 APR: ACT plans new 10-year syndicated benchmark deal
06 APR: NWB Bank launches July 2028 Kangaroo tap
06 APR: USPP market triumphs for Tabcopr's acquisition refinancing
05 APR: ME Bank prices A$250m three-year domestic FRN
KangaNews has an excellent summary of the latest bond transactions: View here
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If you have any questions on the content included in Yield Matters or need help with anything regarding XTBs, please contact us on 1800 995 993 or email advisers@xtbs.com.au
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Stay in touch by following us on the social platform of your choice
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