Our guest on the Morning Mail today is Evans and Partners Head of Institutional Derivatives Michael Saba.
We discuss the listed Hybrid Securities market this morning. This includes the performance of the market over the calendar year and the current interest rate margins across this class of securities. Mike provides further detail on the banking sector Hybrids, including a comment on the recently listed Commonwealth Bank Bond.
Mike concludes with comments on his preference for Fixed Rate v’s Floating Rate Hybrids, and which Hybrid securities he considers represents value in the current market.
