Aug 20
Source: RBA With equity markets improving over the past few weeks, so too have Australian Government Bond yields increased. 10 Year yields were below 3% a couple of months ago and now they are hovering near 3.5%. For Australian bond fund owners that should be a capital loss of close to 2% since mid-June. Nevetheless …
Aug 11
Its been a while since I put some of my broader investment thoughts in writing and I’ve just written almost 4000 words to satisfy that…so it also sort of makes up for my lack of posting. So below is a lot of what I have written and hopefully its readable for anyone interested…I actually haven’t …
Aug 02
Source:RBA The above chart shows that over the last few weeks there has been an increase of around 10-25bps across the yield curve which is also in line with the marginally stronger equity markets. As I’ve stated numerous times before, the European situation is what is currently driving most major market moves and the partial …
Jul 10
Source: RBA Its been a few weeks since I posted my last Australian bond yield curve but nothing’s really changed. I guess its even true when it comes to the economics of the world…China’s data is mixed and not as strong as once expected; US continues to produce mixed data including more weak employment data; …
Jul 08
Chart 1 Source: Trading Economics The above chart shows the 10 year bond yield versus the Debt/GDP of the 10 largest countries in the world by GDP (Except Turkey whose bond data is missing). The chart is divided into 3 sections… Red section…countries with high 10 year bond yields Orange section…high debt levels but low …
Jun 19
Source: Reserve Bank, Bloomberg I’ve placed this chart on my website more as a reference for an upcoming presentation I’m giving than for any real message it conveys. Basically not too much change…yields are slightly lower than they were at the end of May but they increased a little from a couple of weeks ago …
Jun 12
[table id=1 /] So much for the Spanish bailout… Their 10 year bond yields are heading back up towards 7% and Italian 10year bonds are over 6% and trending up. The half life of any temporary bailout appears to be getting shorter and shorter…not that European equity markets care too much…they’re up a little bit …
Jun 01
Australian Government Bond Yield Curve – 1 June 2012 – 4.06pm Source: www.bloomberg.com The 3 year Australian government bond is currently 2.06%…this is truly extraordinary. When you throw in the fact that Germany, USA, and Switzerland also have record low bond yields its really looking like a serious run for safety…but major equity markets haven’t really moved …
May 30
Source: RBA I know I’ve written more posts on the Australian Government Bond Yield than ever but with the yield curve hitting record lows its pretty hard to ignore. The above chart shows where the yields finished yesterday and today they’re lower again. The European situation is definitely the main driver as funds move to …
May 18
Source: RBA In less than 2 weeks the Australian Government Bond yield curve has dropped another 20bps plus and since August last year, the yield curve has dropped around 160bps on average…which means for bond fund owners double digit returns over the previous 12 months continue. Obviously the main reason for this drop in yield …