HALISTER1: RBA Governor Lowe Due to Speak in Brisbane in 5 Minutes

RBA Governor Lowe Due to Speak in Brisbane in 5 Minutes

(Bloomberg) -- Reserve Bank of Australia Governor Philip Lowe will give a speech entitled ‘Household Debt, Housing Prices and Resilience’ at the Economic Society (QLD) Business Lunch in Brisbane at 1:10 pm local time.
  • Speech comes a day after the RBA kept interest rates unchanged at 1.5%; see story NSN OPB84K6JTSE9
  • On Friday, RBA will release its quarterly Statement on Monetary Policy with updated economic forecasts

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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40005Z AU (Reserve Bank of Australia)

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Philip Lowe (Reserve Bank of Australia)

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UUID: 7947283

HALISTER1: Buy Aussie Linkers as RBA May Raise Inflation Forecast, ANZ Says

Buy Aussie Linkers as RBA May Raise Inflation Forecast, ANZ Says

(Bloomberg) -- ANZ recommends buying Australia’s February 2022 inflation indexed bonds and simultaneously selling July 2022 nominal securities at a spread of 176bps, senior rates strategist Martin Whetton writes in note Thursday.
  • Targets 200bps with stop-loss at 165bps
  • ANZ is looking for a slight upward revision in 2017 headline CPI from RBA, while also being wary of upside inflationary surprises coming from Cyclone Debbie
  • RBA is more comfortable that domestic inflation has stabilized and deflationary aspects of the past year have abated
  • Recent data such as labor costs in NAB business survey, strong employment gains and ANZ job ads may result in a slightly more positive outlook
  • One factor that isn’t fully priced is positive momentum on infrastructure, which could have implications for prices over time
  • NOTE: ANZ also recommends betting on steepening of Australia’s sovereign curve on outlook for debt issuance

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Martin Whetton (Australia & New Zealand Banking Group Ltd)

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HALISTER: BofA’s Moynihan Says Breaking Up Banks Would Hurt U.S. Interests

BofA’s Moynihan Says Breaking Up Banks Would Hurt U.S. Interests

Alert: HALISTER
Source: BN (Bloomberg News)

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BAC US (Bank of America Corp)

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Brian Moynihan (Bank of America Corp)
Donald Trump (United States of America)
William Clinton (Clinton Global Initiative Inc)

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UUID: 7947283

HALISTER1: In Ultra-Long Treasury Debate, Bond Analysts Find Little to Like

In Ultra-Long Treasury Debate, Bond Analysts Find Little to Like

Alert: HALISTER1
Source: BN (Bloomberg News)

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BLK US (BlackRock Inc)

People
Steven Mnuchin (United States of America)
Blake Gwinn (RBS Securities Inc)
Donald Trump (United States of America)
Priya Misra (TD Securities USA LLC)
Thomas Simons (Jefferies LLC)

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UUID: 7947283