This year may mark a change in the psyche of the bond market, it has been predicted.
Bonds have posted strong returns over the past year as interest rates have stayed near historic lows.
But Mark Brown, of Harbour Asset Management, said that could be set to change in 2015, particularly in the global market.
“The return on corporate bonds last year was in excess of 7% and we’re unlikely to get that again this year. Yields have fallen a long way to get the returns we’ve had and it’s more realistic to think long-term rates will be higher...MORE»
Friday, July 11th, 5:02PM
Kiwi Income Property Trust’s offer of seven-year bonds has been oversubscribed.MORE»
Thursday, July 10th, 12:20PM
Mighty River Power has confirmed $300 million of unsecured subordinated capital bonds will be issued with an initial interest rate of 6.9% a year.
Kiwi Property Management, the manager of Kiwi Income Property Trust, is to offer up to $100 million of seven-year fixed rate senior secured bonds, with the ability to accept up to $25 million in oversubscriptions.MORE»
Kiwi Property Management, manager of Kiwi Income Property Trust, is considering offering up to $100 million of fixed rate senior secured bonds, with the ability to accept up to $25 million in oversubscriptions.MORE»
The New Zealand Debt Management Office has updated its domestic bond programme in line with today’s Budget.MORE»
Kiwibank’s capital note offer has been well-received by investors, it said today.MORE»
A local government bond tender today should ease some of the recent demand-supply bottleneck, one economist says.MORE»