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Yield Matters   

18 June 2019

XTB Price Sheets

TTSHA: Another Bond Maturing from ASX

The range of senior bonds on the ASX reduces again

The Tatts Group ~$192m bond is due to mature on 5 July 2019. This continues the run of maturities from a very limited selection of senior bonds on the ASX.

If you have clients in this bond who would like to continue to access senior bonds on the ASX, XTBs could form a suitable alternative. View our pre-selected portfolios, or download our price sheet to view the 45 different underlying bonds available via XTBs. Alternatively, please call us on 1800 995 993 to discuss options.

VIEW XTB PORTFOLIOS

Floating-Rate Opportunities 

Capital stability with current yields up to or higher than most short-dated TDs*

Recent falls in term deposit rates following the RBA rate cut has pushed investors to look for alternative forms of capital stable income. Floating rate investment-grade senior bonds are popular in the current environment as clients are not locked in for a specific term and the capital value is not generally affected by interest rate movements. The highest yielding floating-rate XTB is the AMP YTMF17 which matures in 2021, current yield is 2.76%. (Source XTB as at 17 June 2019).
* TDs may enjoy the benefit of protection under the Financial Claims Scheme. 

VIEW RANGE

Take A Hike Running Yield

A look back at one of our most popular articles

Many equity investors are familiar with ‘Dividend Yield’ and would most likely consider this when buying shares. The same concept exists for bonds - it’s called ‘Running Yield’. They’re both similar in concept – how much cash flow (dividend or coupon) am I going to get back for every dollar I invest? 

We look at Running Yield and compare it to Yield to Maturity to determine which is the 'better' measure for potential bond investors to consider. 

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Australia: Global Outlier For Asset Allocation

Read our article, first featured in ASX's Investor Update

Among OECD countries, Australians are actually bottom of the pile in terms of portfolio allocation to bonds. Every single other OECD country has a more balanced allocation between shares and bonds. 

Investment-grade bonds are a defensive asset. They offer stability and diversification in a portfolio. When the share market seems to be going up and up, it’s easy to overlook the cushioning effect of a solid fixed income foundation. But, in volatile times it’s increasingly important to ensure you protect the wealth you’ve built up for your clients. 

READ MORE

ASX 30-Day Interbank Cash Rate Future Implied Yield Curve

As at market close 17 June 2019 (source ASX)

Upcoming XTB coupons 

28 JUN: YTMAST - Ausnet 5.75% 28 JUN 2022
15 JUL: YTMTLS - Telsttra 7.75% 15 JUL 2020
17 JUL: YTMF07 - ANZ BBSW + 0.82% 17 APR 2020
22 JUL: YTMAPA - APA 7.75% 22 JUL 2020
27 JUL: YTMF16 - Westpac BBSW + 0.81% 27 OCT 2022

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

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.
 
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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.
 
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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