Crazy Housing Debate on Sky TV

Rated as one of the most watched shows on the Your Money TV channel ever, in this Peter Switzer episode CCI portfolio manager Christopher Joye debated some crazy economist whom he had never met, read or heard of before.

RMBS default rates trending higher as house prices plunge

Coolabah developed the world’s first compositionally-adjusted, or hedonic, regression-based index of RMBS default rates, covering all prime deals that Bloomberg reports on (you can download the paper here). We update this index monthly, and the results are enclosed below. Contrary to S&P’s SPIN Index, we find that Aussie RMBS arrears (nb: legally there is no difference …

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Hybrids vs High Yield

Notwithstanding the franking debate last year, ASX hybrids were the second-best performing asset-class behind long-dated government bonds in 2018 with an attractive 4.9% gross return, smashing the AusBond Floating-Rate Note Index (2.3%) and the Aussie equities market including dividends (down -3.5%). Major bank hybrids are rated by S&P at BB+, which is technically in the …

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