ANZ
Going with the flow
Trading capability, including a willingness to deploy balance sheet to support client needs, has long been a major differentiating factor for ANZ’s all-conquering fixed-income business. A group of the bank’s traders gathered to talk about 2020 at a KangaNews roundtable, including views on the extraordinary circumstances of the year and how liquidity may be affected for some time to come.
Rates strategists parse the signal and the noise
On 8 August, KangaNews hosted four of Australia’s leading rates strategists at a febrile moment for global capital markets. A spike in volatility – and the early signs that this event was showing signs of a rapid cooldown – and monetary policy apparently on the verge of its long-awaited pivot created a fascinating moment for the discussion.
Financial Kangaroos’ July bounce paints positive picture
A steady stream of financial institution Kangaroo supply in July even as domestic deal flow slowed highlights capacity in the Australian dollar market. The more consistent relevance of Australian issuance to international financial institutions is giving deal sources grounds for optimism about ongoing sector growth.
ANZ and Suncorp sketch out post-acquisition funding profile
ANZ’s acquisition of Suncorp Bank will not radically change either bank’s funding profile in the medium term, with the two banks to retain separate treasury functions and issuance programmes. Suncorp will eventually relinquish its banking licence – at which point wholesale issuance will fall under a single banner – but for now ANZ is comparing Suncorp’s funding plans to how its New Zealand subsidiary operates in capital markets.
Supply and demand dynamics on the move for New Zealand banks
In June, for the first time, KangaNews and Natixis CIB brought together the treasurers from the big-four New Zealand banks to discuss economic conditions, a funding outlook that has seen the banks take a step back from capital markets, and a global demand environment that would welcome new supply from New Zealand.
Global market view as rates inflection point looms
Thinking in global markets is turning hard to the nature of the looming inflection point for monetary policy. Central banks may not cut, or at least not far, unless the pain being felt in global economies metastasises into unemployment and other symptoms of spare capacity. Despite this uncertainty – and many others – issuers were able to make hay in H1, including in an Australian market that has experienced unprecedented scale and consistency of demand. Participants at the annual ANZ-KangaNews global funding roundtable, which took place in London in June, surveyed the landscape.
WOMEN IN CAPITAL MARKETS Yearbook 2023
KangaNews's annual yearbook amplifying female voices in the Australian capital market.
