This Month
- Analysis
- Big four
Could ANZ’s trading scandal trigger executive accountability laws?
ASIC declined to say whether its ANZ investigation involved the Financial Accountability Regime. But an ANZ update this week was speaking the language.
- Updated
- James Eyers
ANZ’s toxic trading-floor roulette spins out of control
The bank is engulfed in one of its biggest scandals after a sudden market move swung tens of millions of dollars out of its client’s favour. The client was the government.
- Jonathan Shapiro
- Opinion
- Big four
The ANZ scandal is a bombshell in two acts
The issues engulfing the bank’s trading team are not about complicated bond trades. It’s about an alleged double act of deceit and manipulation of the taxpayer.
- Jonathan Shapiro
ANZ’s alleged bond trade manipulation is ‘disturbing’
MST Marquee veteran analyst Brian Johnson says the growing scandal in the bank’s markets division “could be yet a significant issue” for investors.
- Jonathan Shapiro
- Exclusive
- Bonds
ANZ probes ‘$54b’ in inflated bond trades
The bank overstated the value of government bonds it traded by over $50 billion in a year, boosting its chances of winning lucrative mandates to issue Commonwealth debts.
- Jonathan Shapiro and Aaron Patrick
AOFM chief puts banks on notice as bond trading probe heats up
The head of the government’s debt agency has reminded the banks, which are hired to help it sell billions of dollars of bonds, what is expected of them.
- Jonathan Shapiro
May
ANZ confirms investigation of its government bond sale
ANZ said is “co-operating fully” with ASIC as it investigates “suspected contraventions” of the Corporations Act relating to a government bond sale last year.
- James Eyers
- Exclusive
- Regulation
ASIC investigates ANZ over Treasury trades
The corporate regulator acted after receiving a complaint from the Australian Office of Financial Management, which raises government debt, sources said.
- Aaron Patrick
April
Investors eye attractive returns for Australia’s first green bond
Fund managers expect the country’s first green bond will offer the same yields as government bonds, even though overseas buyers are often willing to receive less.
- Cecile Lefort
March
Fundies to support federal government’s inaugural green bond
Backers expect the issuance will be in hot demand by local and offshore investors and could top out at $1 billion-plus.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February
This fundie is making money on bond price errors
Laura Ryan at Ardea Investment Management does not care what the RBA does with interest rates. Her job is to find inefficiencies in government bond prices.
- Cecile Lefort
January
Prospects brighten for property stocks as 2024 rate cuts loom
With hopes rising globally that central banks will begin cutting rates this year, the recent rebound in the real estate investment trust sector could crank higher.
- Nick Lenaghan
October 2023
Government settles climate risk to bonds case, makes a key concession
To settle a case, Treasury recognised risks to the value of sovereign bonds from global warming, which a judge warned could be “a huge drain on Commonwealth resources”.
- Hannah Wootton
June 2023
- Opinion
- Bonds
The tangled web of our RBA-led financial system
All roads in our financial system eventually lead to the Reserve Bank of Australia, yet financial executives often don’t like recognising this fact.
- Timothy Hext
February 2023
- Analysis
- Investing
If bonds aren’t cheap, equities can’t be either
Interest rates may be at decade highs, but some of the world’s biggest fixed income funds say it’s still risky business to chase yield.
- Jonathan Shapiro
November 2022
- Exclusive
- Government debt
Investors are snapping up nation’s record $900b debt
Australia’s abysmal productivity performance will blow out gross debt and cost taxpayers about $3 billion more a year in interest payments by 2032-33.
- Ronald Mizen
- Explainer
- Bonds
How to buy bonds on the ASX (and why you might want to)
Many of us are experts when it comes to stocks, cash and property, but few of us know exactly what bonds are, and how to start investing in them.
- Jonathan Shapiro
Inflation not driven by corporate profiteering: Treasury
Shocks caused by the COVID-19 pandemic and Russia’s invasion of Ukraine are the main drivers of higher prices.
- Ronald Mizen
October 2022
T. Rowe bond investor credits Australia as ‘safer’ haven
The rhetoric from central banks, especially the Fed, is they will be tightening for longer. ‘Maybe the exception to that is in Australia’, Arif Husain said.
- Vesna Poljak
September 2022
AOFM to downsize funding needs on improved federal budget
The funding arm of the government is likely to reduce the amount of debt it needs to raise this year as the projected budget deficit brightens.
- Cecile Lefort