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Yield Matters   

26 February 2019

XTB Price Sheets

A fresh look at what's ahead for 2019 

Including a handy table of what to look out for from the RBA 

A lot has happened in the markets in two months. At the end of last year most commentators were calling for a hike in rates, now the view is for rates to remain on hold or move lower. Like many, we've adjusted our view accordingly.
CIO Ian Martin looks at the year ahead and how economic indicators will influence RBA decision making, and provides a handy table to reference during the year.

READ MORE

A quick take on QT

Everyone's talking about quantitative tightening

There is lots of talk in the market these days about quantitative tightening or 'QT'. You are excused for not knowing what it is as it has never been attempted before by central backs on such a large scale. After nearly 10 years of loose monetary policy how will this change in policy affect markets and the economy as a whole?

READ MORE
Top three takeaways from SMSF Conference
The key things we found got most attention last week
  1. Education: 2021 earlier than expected for the compulsory exam
  2. Franking credits: Possible moves to fixed income & international exposures
  3. Documentation: Importance of keeping good records and using them 

Case Study: Retired self-directed investor Frank Gardiner
First in our series of case studies

“I want to be the banker now, rather than the shareholder. It’s a much safer way to invest – I don’t have to worry about share price volatility anymore.”
Now he's retired, Frank wants to protect the wealth he's built via share investments and minimise the risk in his portfolio - he's chosen to do this via government and corporate bonds.  

READ CASE STUDY
NEW Individual XTB Factsheets
Want to provide your clients with a simple overview of a specific XTB? Check out our new Factsheets. We've started with the most popular XTBs and will expand to cover the full range. VIEW RANGE
Most Popular XTBs February
  1. YTMF15: NAB BBSW + 0.80% 10 FEB 2023
  2. YTMF14: BOQ BBSW + 1.02% 16 NOV 2021
  3. YTMDX1: DEXUS 4.75% 05 NOV 2025
* Source ACBC number of XTB units purchased on ASX from 01 to 22 Feb 2019

Upcoming XTB coupons

03 MAR: YTMF10 - NAB BBSW + 0.80% 03 JUN 2020
06 MAR: YTMSGP - Stockland  5.50% 06 SEP 2019
07 MAR: YTMF13 - ANZ BBSW + 1.00% 07 MAR 2022
11 MAR: YTMDO1 - Downer 4.50% 11 MAR 2022 
12 MAR: YTMWE1 - Wesfarmers 4.75% 12 MAR 2020

Keep up to date with XTB coupon dates on our website calendar, or follow us on Twitter or LinkedIn

 Recent bond transactions

22 FEB: Contact prices NZ$100 million 5.5-year green bond
22 FEB: Reverse enquiry spurs AfDB's Kauri market return with SRI bond 
22 FEB: Transpower plans five-year New Zealand retail deal 
22 FEB: Rates backdrop drives scale of demand for World Bank Kangaroo
21 FEB: BNG Bank adds $15 million to July 2029 'renewable-energy' Kangaroo bond

KangaNews has an excellent summary of the latest bond transactions: View here

ASX 30-Day Interbank Cash Rate Future Implied Yield Curve

As at market close 22 Feb 2019 (source ASX) 

Contact us

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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DISCLAIMER: Australian Corporate Bond Company Ltd (ABN 34 169 442 657, Authorised Representative No.: 469037) (“ACBC”) is an Authorised Representative of Theta Asset Management Ltd (ABN 37 071 807 684, AFSL No.: 230920) (“Theta”). Theta is the Responsible Entity of the Australian Corporate Bond Trust (ARSN 603 010 779) and the issuer of the Exchange Traded Bond Units (“XTBs”). ACBC is the Securities Manager of the XTBs. ACBC and Theta will earn fees for making the XTBs available to investors, which is payable at the time that an Authorised Participant applies for an XTB.
 
Email transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, delayed in transmission, incomplete, or may contain viruses.
 
ASX have approved the XTBs for quotation on ASX pursuant to the AQUA Rules. Further a Product Disclosure Statement (“PDS”) dated 6 May 2015 has been lodged with ASIC. Further Classes of XTBs may be made available pursuant to separate PDS, those Classes of XTBs will be made available once they have been approved for quotation by ASX and the relevant PDS has been lodged with ASIC. Investors should read the PDS that relates to that Class of XTB prior to making an investment decision, with or without the assistance of their professional legal, accounting and financial advisers.
 
The information contained in this email is confidential and may not be further disseminated to any person.  The information contained in this email is general in nature and does not take into account any particular investors personal circumstances, objectives or needs. It is not personal financial product advice. It is only made available to wholesale investors within the meaning of section 761G of the Corporations Act (2001).  
 
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The distribution of this email or any other material relating to XTBs, including a PDS, to persons outside of Australia may be restricted by law and any person who comes into possession of such documents should seek their own advice on, and observe any such restrictions.
 
Data in this email has been sourced from external parties believed to be reliable and has not been verified. Accordingly ACBC and Theta (and each of their directors, officers, consultants and employees) makes no warranty as to the accuracy or validity of any of the statistics quoted. To the extent permitted by law none of these parties are liable for any loss or damage arising from reliance on the content of this material. 

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