06012016Wed
Last update: Wed, 01 Jun 2016 12pm

Australia

Markets - Fixed Income - Australia

Rising rents in Sydney matched by increase in homeless SYDNEY: An informal "street count" by staff of City of Sydney council and volunteers has identified 486 homeless people sleeping rough in the inner city, the highest figure since the initiative was launched in 2010. "This is a tragic situation and I am deeply saddened by the dramatic rise in numbers," Lord Mayor Clover Moore said in a statement."We all know Sydney is in the grip of a housing crisis, and now even middle-income earners are finding it tough to pay their rents and mortgages," she said.Declining housing affordability was contributing to the high numbers of homeless people identified by the count, which was almost 25 per cent higher than last year.According to council figures, Sydney's mean rental prices have jumped almost 60 percent since 2006 while household incomes have grown by 48 percent.It estimated that 84 percent of low-income households in the council's jurisdiction are paying 30 percent of ...

Markets - Fixed Income - Australia

Yields rise on manufacturing data, Fed's Fischer notes on inflation NEW YORK: US Treasury yields rose on Thursday, reversing earlier bond strength, after a manufacturing survey showed economic improvement and as Federal Reserve Vice Chairman Stanley Fischer cited rising inflation and wage pressures.Treasuries have rallied in recent weeks as a weaker-than-expected March employment report and other data pointed to slowing growth that is expected to keep the Fed on hold for longer.Investors have also been reluctant to have large exposure to the bonds, however, on ...

Markets - Fixed Income - Australia

Japanese demand feeds Kangaroo spree SINGAPORE: The retreating Australian dollar and the resumption of monetary easing have yet to dampen offshore demand for Kangaroo bonds. Japanese investors, in particular, are turning to Australian dollar debt in the hunt for yield.The elevated international bid has contributed to a sharp increase in Kangaroo offerings from sovereign, supranational and agency issuers, with IFC, Rentenbank and Kommunalbanken among those in the market again last week.So far this year, SSA issuers have raised A$8.6bn (US$6.7bn), ...