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 …
Apr 08
Source: www.zerohedge.com Earlier in the week Zero Hedge showed the above chart and unfortunately there maybe something to it as it appears the outlook may be deteriorating. Whilst policymakers haven’t started to dither in obvious ways at the moment, with the Spanish government announcing increased austerity measures which will only make their economy worse, there …
Mar 20
Well…not normal yet. The shorter part of the curve suggests the market is expecting another two 25bps cuts by the RBA but with the Euro sovereign crisis well and truly looking much better its highly unlikely there’ll be any cuts soon. Whilst there’s plenty of evidence that shows the Euro sovereign crisis has improved, nothing …
Feb 09
When I saw the headline in the Market section of today’s Australian Financial Review I thought bond yields must have gone through the roof but the above chart shows that there ‘s only a relatively small increase compared to a couple of weeks ago. Markets had obviously priced in a rate decrease from the Reserve …
Feb 07
I was just reading the latest riveting story on bonds in this month’s Asset magazine and I feel compelled to share an example of misinformation that tends to annoy me a little (I know its probably a little pathetic but anyway)…John O’Brien, van Eyk – Head of Research, apparently said that many of the great …
Sep 22
…and US futures not looking much better. The Euro Stoxx 50 is down 4.4% at the time of writing; UK, German, French, and Spanish equity markets are all down more than 4.3%. The S&P500 futures are down around 1.5% and Australia’s SPI200 is also down around 1%. Plenty of downside risk yet whilst politicians kick …
Sep 21
With the Federal Open Mark Committee (FOMC) currently meeting, many pundits are expecting a very very big package to be announced by Ben Bernanke tomorrow. If its not what the market expects, then I imagine there’ll be more equity market pain but if it is big, then I’m confident we’ll see a strong market (so …
Sep 10
With the US heading towards recession and the Euro Sovereign Crisis getting ugly again where to invest one’s funds has never been tougher. Australian bonds yields are around 4%, meaning they are on PE ratio of 25 which compared to local and global shares, which are currently on forward PEs of around 10, are very …
Sep 07
Source: Federal Reserve I’ve been a little slow on this, but last Friday US 10 Year Treasur bond funds hit their lowest point on record???, well at least since the start of 1962 which is how far back this Federal Reserve data went. What does it mean? Possibly a few things. Firstly, inflation is a …