US bond market has done its dash: PIMCO
![Mark Kiesel said the current mix of conditions had not been experienced for 70 years.](http://web.archive.org./web/20180212204644im_/http://www.afr.com/content/dam/images/g/u/9/s/l/p/image.related.afrIndexLeadWide.460x260.h0vypq.gshfrb.png/1518435770357.jpg)
As the US 10-year bond rate heads towards 3 per cent, its time to load up on bonds says Mark Kiesel, chief investment officer of global credit at fixed income giant PIMCO.
As the US 10-year bond rate heads towards 3 per cent, its time to load up on bonds says Mark Kiesel, chief investment officer of global credit at fixed income giant PIMCO.
Private equity investors could be hit with extra tax obligations, after a shock federal court decision that also threatens to chill investment by foreign investors.
Banks are under pressure from the Productivity Commission to provide access to the new payments platform, which has just gone live.
The ANZ boss stepped a charm offensive on first day of the royal commission. "Part of the reason we are having a royal commission is that we have lost touch with the community," he told Facebook.
Australian shares are poised to open higher as the Dow leapt 525 points in late trade in New York.
Australia has too many shops, but how to cull them without too much financial pain is a major headache for company boards and reluctant landlords.
The chaos at Big Un Limited is another dent in the reputation of the ASX as heavily promoted stocks pick and choose what information to disclose.
Danish telecoms company TDC urged investors to back a $8.5 billion cash offer from Macquarie and three Danish pension funds.
Commissioner Ken Hayne has set the tone for a fast but punishing inquiry as he revealed its first targets would be the bank's biggest profit centres and lashed out at the quality of their submissions.
JB Hi-Fi seems a bit like Vegemite sometimes – investors either love it or hate it. Shares fell 8 per cent on Monday after a below-market profit guidance.
Dodgy car financiers will come under scrutiny, after the banking royal commission singled out car finance as one of the key problem areas alongside home loans and credit cards.
The ANZ boss stepped a charm offensive on first day of the royal commission. "Part of the reason we are having a royal commission is that we have lost touch with the community," he told Facebook.
The White House infrastructure plan embraces elements of Australia's model, but it faces a major roadblock in Congress due to ballooning government debt.
Billionaire hedge fund manager Ray Dalio, who last month said it felt stupid to own cash, says the US is further along in the business cycle than he'd thought.
Some firms using computers to trade at ultra-fast speeds are not applying safeguards required to avert market meltdowns, Britain's Financial Conduct Authority said.
The bull market is not dead, but it may have come out of the harrowing experience of the past 10 days a changed beast, JPMorgan global strategist Patrick Schowitz says.
The royal commission's tight time frame and focus on resolved cases will likely be privately welcomed by the banks.
Beyond the fierce political arguments over the date of Australia Day or constitutional recognition, there's a much grittier reality being lived every day.
President Donald Trump, the self-described "king of debt", may come to regret his Republican Party's squandering of fiscal discipline.
A new data sharing regime promises to level the competitive playing field for banks by reducing the costs of account switching and facilitating price discovery.
The federal government must show its company tax cuts would boost profits and wages if it is to have any hope of securing One Nation's support.
The government rejected that Barnaby Joyce's mistress was his partner as it tried to firewall itself from the disaster-prone Deputy Prime Minister.
Australia's debt-fuelled economy could be a house of cards that only holds together while interest rates remain low.
The NAIF expects to hit performance targets that require it to approve projects with a total value of $750 million-$2.5 billion in the next four months.
Former prime minister says current occupant is unnecessarily causing anxiety for Chinese-Australians.
President Donald Trump said he will propose a tax on imports this week because the US can't continue to be robbed blind even by so-called allies.
The negotiations to form a coalition government lasted 12-and-a-half days and a night. In the end, talks hinged on key pints: health and labour markets
The City of London, may "lose a few jobs" over Brexit to New York and Singapore, but a bigger challenge is the technology revolution in banking, according to the Lord Mayor of London, Charles Bowman.
I'm old enough to remember when the Republican Party was pro-FBI, pro-morality and anti-deficits. What a startling turnaround.
The shift in Germany could be the most supportive of EU and euro area reform since the beginning of the euro crisis in 2011-2012, say analysts at Barclays.
The New Year has brought with it a wake-up call to investors - January's market rally followed by February's volatility wiping out those gains.
IOOF has taken a stake in Grow Super and plans to use the start-up's proprietary technology to appeal to its younger super fund members.
BlackRock has moved to replicate the approach of Berkshire Hathaway by establishing a $12.8b long-dated fund. Finding good homes for all that money will be the hard part.
Corporates should open their minds, take out their wallets and more directly bear some of the costs they impose on governments.
Fair Work has ruled sending porn on Facebook Messenger outside of work can be grounds for the sack if recipients are work colleagues.
Federal Education Minister Simon Birmingham wants more job-ready graduates.
PwC, Deloitte, EY, KPMG and Accenture dominate the top 10 graduate employers, but there's a shift in what they want.
With its colourful streetscapes, African rhythms and lively beaches, Brazil's first capital is a treat for all the senses.
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