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Yield Matters   

21 May 2019

XTB Price Sheets

Employment Data, RBA and The Election 

Simon Riordan and Ian Martin discuss the impact on bond markets

Ian gives his views on the latest employment data and what it may mean for the RBA decision. There has been much speculation that rates may move sooner rather than later - Ian provides his views on the impact these numbers may have on the RBA. After the surprise result of the election, do we expect any impact on bonds? And what about BBSW, which we have been tracking closely - what impact could this have on deposit rates? 

WATCH VIDEO

Shane Casey shares why he favours XTBs over Bond ETFs

Senior Planner at Eclipse Financial Management

Finding that fixed income managed funds and ETFs were not offering the predictability he wanted for his client’s portfolios, senior financial planner Shane Casey started using XTBs for his client’s fixed income allocation.

Minimum parcel size, liquidity and efficiency of being traded ASX and the fact that XTBs are over bonds of well-known Australian companies, made XTBs Shane’s preferred fixed income solution for his clients.

READ CASE STUDY

Investment Grade Bonds: The Gold Standard

In case you missed it, last week's most read article....

2019 has already seen some defaults from small, unrated bond issuers. Following this, we thought it would be wise to revisit credit ratings and how they are applied. Standard and Poor's recently published Annual Global Corporate Default And Rating Transition Study provides the latest update on global bond default, transition and recovery rates. The underlying bonds for all XTBs are currently investment grade.

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Upcoming XTB coupons 

23 MAY: YTMSG2 - Stockland 4.50% 23 NOV 2022
24 MAY: YTMF12 - AMP BBSW + 1.35% 24 MAY 2021
25 MAY: YTMSG1 - Stockland 8.25% 25 NOV 2020
03 JUN: YTMANZ - ANZ 3.25% 03 JUN 2020
03 JUN: YTMF10 - NAB BBSW + 0.80% 03 JUN 2020

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

ASX 30-Day Interbank Cash Rate Future Implied Yield Curve

As at market close 17 May 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).  
 
ACBC is solely responsible for the contents of this email. The contents of a PDS and this email are subject to change and ACBC makes no warranty, express or implied, as to the completeness of any statement contained herein nor does it represent that this email contains all of the information that an investor may require in order to assess the merits of an investment in XTBs.
 
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. 

XTB® is a registered trade mark of Global Bond Exchange Pty Ltd, a related body corporate of Australian Corporate Bond Company Limited.

Copyright © 2019 Australian Corporate Bond Company, All rights reserved.


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