Today's note includes comments on SCA Property, BHP, Challenger, Goodman Group and the latest edition of Absolute Coverage
Solid US industrial production data helped bond yields rise, while currencies and equities were little changed.
Key Westpac publiations and market update.
An update on the Australian Securitisation and Covered Bond Markets. This edition includes new nonconforming issuance from Bluestone’s Sapphire program, BC Invest with a non-resident RMBS and Humm with a NZ credit card ABS.
Strong month but driven by seasonal mid-year holiday travel.
Monetary Policy Watch
RBA Board Minutes signal more evidence of widespread inflation pressures – expect a 50 basis point increase in September.
A preview of possible market reactions to various outcomes from the forthcoming RBNZ meeting.
SCA Property Group (SCP) reported FY22 statutory NPAT of AUD487.1M, supported by strong growth in net operating income (+19.9%) with revaluation gains (AUD354M) little changed compared to the pcp.
A short video update from the Westpac Economics team.
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