Podcast 9: Talk is cheap

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Over the past few weeks, the RBA has started to change its narrative, suggesting that while negative rates are extremely unlikely, they’re not off the table. They’ve also hinted that a new bond buying program could be on the cards. Is the RBA just posturing or is change afoot? Darren Langer and Chris Rands examine... Read more continue reading

Podcast 8: Is Australia ready for more monetary stimulus?

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With Aussie bonds in high demand across the world, a growing demand for a more aggressive fiscal response from the Australian government, and a rise in COVID-19 cases in Victoria and NSW, is Australia ready for more monetary stimulus? Listen to Darren and Chris answer this question and more in episode eight of The Rate... Read more continue reading

Podcast 7: Sting in the tale

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Is the RBA too concerned with front end rates that are aimed at helping the banking sector at the expense of the taxpayer who, ultimately, will be picking up the interest cost of higher bond yields? And what will happen to employment and housing once Job Keeper comes to an end or the lockdowns are... Read more continue reading

Podcast 6: Out of step

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Despite the RBA’s recent monetary and fiscal intervention, a recession still seems to be on the cards. Why is the RBA so unwilling to follow along with more unconventional policy and what are the implications of its ‘play-it-safe’ approach to solving our economic woes? Darren Langer and Chris Rands go looking for answers. Find out... Read more continue reading

CPD: Economic freeze sends US oil price sub-zero

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While reviewing the overnight market on the 21st of April 2020, no doubt we were not alone in taking a moment or two to comprehend the number we saw. West Texas Intermediate, the US benchmark set out of Cushing, Oklahoma, was showing a price for the May contract as low as negative USD 37 per... Read more continue reading

CPD: Fed to go negative? Any idea can seem ‘crazy’ until it becomes fact

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The market is becoming focused on whether the Federal Reserve (Fed) will take rates negative. Admittedly, Powell has thrown a bit of cold water on it by saying that they haven’t considered it, and almost every economist I have read seems to be saying it’s not going to happen. But that doesn’t mean the idea... Read more continue reading

Podcast 5: Credit crunch or crisis?

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With an expected 10% contraction in GDP, rising unemployment, and inflation at the lowest level we’ve seen in decades, how has COVID-19 impacted credit markets and what’s next for interest rates? Find out what this means for your clients, tune in now. Click below to go to the Nikko website to listen to the podcast.... Read more continue reading

Podcast 4: The RBA’s buying spree

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The RBA has been buying up big, purchasing around $36bn in government and semi-government bonds throughout March. But when is enough, enough and can these efforts really help stave off a recession in Australia? To help you and your clients make sense of the RBA’s latest rate decision and what this means for fixed income,... Read more continue reading

Podcast 3: The Rate Debate Special Edition

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In response to the coronavirus epidemic, the RBA cut the cash rate on 19 March to 0.25% and announced a number of QE measures. In the long run, will the government’s response deliver the benefits it is hoping for? Darren Langer and Chris Rands explore this and what it means for fixed income in this... Read more continue reading

Podcast 2: Down, but not out

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On 3 March 2020, the RBA cut rates by 25 basis points to 0.50% in response to the coronavirus. But have they cut too early? And what happens if markets are hit with another unexpected event? With so little fuel left in the tank, how will the RBA respond? To help you and your clients... Read more continue reading