Bonds/Interest Rates

In the wake of the RBA double-cut, FIIG points out that major Australian fixed rate senior bonds (including banks) have returned over 10% over the past 12 months.

Wall Street was off to a flying start in May on manufacturing data, but as QE3 becomes more distant the rally yet again fades. (Accessible only for subscribers before 10:15 AEDT)

The RBA has surprised most in the market today by effectively delivering two rate cuts in one hit, judging such a quantum to be “necessary”.

The RBA has today cut the cash rate to 3.75% in a surprise 50bps cut.

After a strong run from before Christmas, Wall Street has closed flat for April as it consolidates to await the next drivers. Dow down 14 last night. (Accessible only for subscribers before 10:15 AEDT)

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

A brief look at important company events and economic data releases next week.

Blow me down if Ben Bernanke didn’t suggest on Wednesday night QE3 will always be there. Buy! Dow up 113. (Accessible only for subscribers before 10:15 AEDT)

The two sessions on Wall Street broke down into “Waiting for Apple” and “Apple”. The Dow (no Apple) was up 89 last night to provide a net 163 point gain. (Accessible only for subscribers before 10:15 AEDT)

Australian inflation has gone (cheap) bananas to provide a surprisingly benign CPI result which will guarantee a May rate cut. Economists are now talking another cut in June.