Articles by Fixed-income

  • New Regulations Unlikely to Democratise Interest-Rate TradingNew Regulations Unlikely to Democratise Interest-Rate Trading

    August 07 2014 1:54 PM

    A study by data provider Greenwich Associates concludes that regulators are unlikely to achieve their goal of creating a fixed-income market that is less dependent on a few massive banks. The findings were made after Greenwich interviewed 1,067 institutional investors from North America.

  • Australian Stock Market Report – Morning 5/15/14

    May 15 2014 9:13 AM

    In US economic data, producer prices rose by 0.6% in April, the largest increase in 18 months. Prices were up 2.1% over the year to April. Food prices surged by 2.7% in April pushed up by higher meat prices, which recorded their largest increase in 11 years. Producer prices excluding volatile food and energy costs increased by 0.5% in April to be up 1.9% over the year.

  • Global Markets Overview – 4/15/14

    April 15 2014 9:28 AM

    Surprise earnings from Citigroup have certainly managed to snap the S&P out of its downward trend. The S&P registered its worst week since January last week, but snapped back on Citi earnings and better-than-expected retails sale.

  • Global Markets Overview – 3/27/14

    March 27 2014 10:13 AM

    While yesterday's trade was dominated by the prospect of stimulus measures from the ECB and PBoC, today's trade looks like it will concentrate on a 'neutral' RBA. Although most describe the RBA as neutral, comments from Governor Glenn Stevens are taking the RBA right to the edge between neutral and hawkish.

  • Australian Stock Market Report – Afternoon 3/24/14

    March 24 2014 5:32 PM

    The Australian share market closed slightly firmer today, despite a negative start on the back of falls on Wall Street on Friday night and weaker than expected Chinese data.

  • Will Canada’s Loss be Australia’s Gain?

    February 25 2014 1:35 PM

    Rich Chinese affected by Canada’s dumping of its investor programme turn to Australia to invest

  • Australian Stock Market Report – Morning 1/21/14

    January 21 2014 9:36 AM

    European shares edged lower in thin trade on Monday. A surprising quarterly loss by Deutsche Bank prompted investors to cash in recent gains on banking stocks. Deutsche Bank fell by 5.4% after a drop in fixed income trading revenues restructuring costs, and also warning about a challenging 2014. Credit Suisse fell 2.5% and Commerzbank lost 4.5%. The STOXX 600 Banking index lost 1% but was still up 5.5% so far this year. The FTSEurofirst 300 index fell by 0.1% with the UK FTSE up by 0.1% and the ...

  • Wealth Caused By Inflation: The Cantillion Effect

    November 19 2013 9:59 AM

    What do a Bacon triptych, a balloon dog, a Pink Star and the stock market have in common? They're very, very expensive.

  • Apple Inc. (AAPL) No Longer Millionaires’ Favourite Stock

    October 24 2013 1:18 PM

    Apple Inc. (AAPL) is no longer the number one favourite stock among U.S. and Canadian millionaires, Tiger 21 survey says

  • Why the Government Shutdown is a Good Thing

    October 08 2013 4:15 PM

    'Obama says he won't give an inch,' said a French friend last night. He had just watched the evening news.

  • SMSFs Enter the Great Australian Property Debate

    October 02 2013 10:19 AM

    Australia's property debate is turning into an all-out war. The property spruikers are taking a beating from all sides these days. How times have changed.

  • The Global Trend Towards Wealth Protection

    August 05 2013 12:39 PM

    Well, there's 10 minutes of our life we're not getting back. This morning, out of begrudging necessity rather than desire, we read the latest statement on monetary policy from the Federal Reserve.

  • ANZ Bank Opens 50-Tonne Gold Vault in Singapore

    August 02 2013 1:19 PM

    Reflecting its bullish outlook towards the yellow metal, ANZ Bank opened on Friday its second gold bullion vault in Asia at the Singapore FreePort. The facility, capable of storing 50 metric tonnes of gold, actually started operating in Singapore in July.

  • The Lucrative Spot for Investors to Look… The Energy Sector

    July 10 2013 2:14 PM

    In yesterday's Daily Reckoning we showed you that food and beer are cheap in America and that sweet potato fries are worth a go. Today, we'll investigate more urgent matters. Falling US bond prices are the prime mover in markets right now. As bond prices fall, yields rise. The investment implications multiply.

  • Gearing Up For Gold Season

    July 10 2013 2:13 PM

    Traders stampeded out of gold, emerging markets and bonds, setting record monthly outflows in June. Ever since the Federal Reserve hinted in May that signs of a stronger economy could allow for a slowdown of stimulus, markets have protested the news.

  • When the Bernanke Bluff is Called

    March 04 2013 7:19 PM

    The stock market fell 27% in a single day. Bank of America suspended ATM payouts and JP Morgan applied for bankruptcy protection. Citigroup defaulted on its bonds and Deutsche Bank shares weren't allowed to trade on Europe's stock markets after its shares fell 86% on America's stock market.

  • Weak Investment Business Hits Credit Suisse’s Q4 Profits

    February 08 2013 3:15 PM

    Swiss bank Credit Suisse informed that it would further cut costs as it saw its fourth quarter profits be lower than initially expected. As it was highlighted, the fourth quarter profits slumped as the investing business of the bank proved to be frail.

  • Japan’s Spring Offensive Against the Yen

    February 08 2013 2:46 PM

    All this week we've been on a mission for you, dear reader. We've been looking for the one sector or industry that's going to drive the Australian share market higher with breakthrough earnings and profits. But maybe we've been looking in the wrong place. Maybe it's a simple as Japan.

  • Why the Strength of the Australian Dollar is Both Mysterious and Obvious

    November 28 2012 11:26 AM

    Today let's start with the Australian dollar again. We promised to ask around the HQ and see if anyone had ideas on the relationship between the Aussie dollar and the All Ordinaries. Fresh off his 'Extinction Event' report, Murray chimed in.

  • Using the Habit of Optimism to Find Great Investment Opportunities

    November 08 2012 3:30 PM

    You may of already had your fill of electoral madness so how about some central banking madness?