On Thursday, 20 June 2019 Westpac made a bold move to reduce their serviceability assessment rate from 7.25% to 6.50% for first home buyers.
APRA set a floor of 7.00% in December 2004.
Late Thursday night, Westpac made an abrupt... Read more
The Federal Court of Australia, New South Wales | NSD293/2017 | Australian Securities & Investment Commission v Westpac Banking Corporation ACN 007 457 141.
In an opening submission on Monday, 6 May 2019 barrister for ASIC, Jeremy Clarke, SC,... Read more
The below graph plots the Implied Forward Interest Rate yield curve (blue line), and the Interest Rate Swap yield curve (red line).
The yield curve is interpreted as follows –
(i) Short Term (less than 6 months) – the Reserve Bank... Read more
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Yes! It is very likely that the 3-decade long bull bond market (lower interest rates) ended on 2 August 2016.
On this day, the 10-year Commonwealth government bond futures contract traded at 98.20 (equivalent to 1.80% yield) on the... Read more
Bidding at Auction need not be daunting or intimidating.
Most auctioneers are predictable in their style in order to lull bidders into feeling secure. They also make efforts to create pressure and excitement so that an immediate sale... Read more
The Reserve Bank decided to leave the Official Cash Rate unchanged at 1.50% on 6 December, 2016.
Why did some lenders increased variable interest rates the day before the Reserve Bank board meeting?
This is what the lenders have... Read more
The Reserve Bank reduced the Official Cash Rate from 1.75% to 1.50% on 2 August 2016.
Is the multi-decade bond bull market over?
The 3 decade long bull bond market seems likely to be almost over because –
1. First,... Read more
House Price Indices
Changes in house prices measured by this index are nominal house price movements. In isolation, this is not a true and accurate measure of property trends and price deviation from fundamental values.
What Drives Property... Read more
What does the Interest Rate Swap Yield Curve Imply?
What is a Yield Curve?
The yield curve shows the relationship between yield and the term to maturity, at any given point in time.
It provides important information on what the... Read more