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? 


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.


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.


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
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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.
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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.
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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.
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