Today
Traders finger ‘pre-hedging’ in ANZ bond probe
Fixed income traders say pre-hedging is “a grey area” riddled with inherent conflicts of interest. ASIC has already targeted Westpac over the practice in swap markets.
- James Eyers and Cecile Lefort
Yesterday
Dalio warns of US debt pile, and he wants Taylor Swift for president
The billionaire founder of Bridgewater Associates is worried about investors being able to absorb new supply, and why he would vote for Taylor Swift as president.
- Kate Duguid
Mortgage relief in sight after traders scrap rate rise bets
A surprise pickup in the unemployment rate has bolstered bets that the next move from the Reserve Bank may be lower. Cooling US inflation data overnight also helped, sending the Aussie dollar to a four-month high.
- Cecile Lefort
ASX to rise, US benchmarks close at record highs
Australian shares are set to open higher after data showed US inflation is cooling. $A eyes US67¢; Bitcoin tops $US66,000. Gold rallies.
- Updated
- Timothy Moore
This Month
Moody’s warns big ‘structural’ spend will leave budget mired in red
The influential ratings agency said the broader issue was “how effective spending programs such as Future Made in Australia are in allocating resources”.
- Cecile Lefort
ASX to rise, US equities rally on megacap techs
Australian shares are set to advance. Budget details in focus. Nasdaq resets closing record high. Meme stocks extend surge. Bitcoin struggles.
- Timothy Moore
ASX to slip, S&P 500 dips as CPI awaited
Australian shares are set to edge lower with the federal budget in focus. The Dow and S&P 500 edged down, the Nasdaq advanced with price data in focus.
- Updated
- Timothy Moore
- Asia
- China
China kicks off bond sale to fund stimulus
Government spending in infrastructure will be key to ensuring China achieve its growth target of about 5 per cent this year.
- Helen Sun
Rate rise still priced in despite Chalmers’ ‘optimistic’ forecasts
Bond markets are continuing to bet that the RBA will have to lift rates this year, despite new government forecasts predicting inflation will fall faster than the central bank expects.
- Updated
- Alex Gluyas
- Opinion
- Opinion
Forget the hawks, the RBA’s next rate move will be lower
In my over 20 years in financial markets, I’ve never seen such a wide dispersion of views on interest rates as we currently have in Australia – we are at a pivotal moment in monetary policy.
- Angus Coote
Dow Jones, S&P 500 edge higher
US equities ended the week with a modest advance, though the megacap techs were mixed and the Nasdaq edged down.
- Updated
- Timothy Moore
ASX to rise as Wall Street extends rally
Australian shares were set to edge higher as US equities lifted, helped in part by solid demand for the sale of 30-year government bonds.
- Timothy Moore
Investors are set to pile into Australia’s first green bond
European fund managers are backing the federal government’s plans to shed its reputation as a coal polluter, with its $7 billion bond looking well oversubscribed.
- Updated
- Cecile Lefort
ASX to slip, S&P 500 finishes little changed
Australian shares are set to open lower. Iron ore slid. The S&P 500 traded in a narrow range. Sweden cuts rate; BoE expected to hold.
- Updated
- Timothy Moore
Some fundies unconvinced the RBA is done with rate increases
Fortlake Asset Management’s Christian Baylis has joined a small number of economists who expect rates to rise, not fall. He says inflation isn’t under control.
- Cecile Lefort
ASX to rise, Wall Street rally loses momentum
Australian shares are set to edge higher, the S&P 500 extend ever so slightly its rally into a fourth day. Commodities were modestly lower.
- Updated
- Timothy Moore
Traders trim rate rise bets on patient RBA
The markets are now pricing in just a 15 chance the cash rate will rise again this year after the Reserve Bank stood pat on Tuesday.
- Updated
- Cecile Lefort
ASX to rise, Wall St extends rally into third session
Australian shares are poised to gain, bolstered by the S&P 500’s advance as investors reset their bets on US rate cuts.
- Timothy Moore
RBA’s radio silence fuels extreme rate rise bets
Traders’ bet that the RBA will lift the cash rate is fuelled by the central bank’s lack of communications since March as it undergoes sweeping reporting changes.
- Cecile Lefort
- Opinion
- Interest rates
Everyone calm down, inflation is not taking off again
The Reserve Bank should be alert to stubborn price pressures, but not alarmed.
- Updated
- Tim Hext