Bonds
| Use attributes for filter ! | |
| Customer service | 00 61 3 8862 1790 |
|---|---|
| Parent organizations | Pacific Brands |
| Founded | 1915 |
| Headquarters | Kew |
| Australia | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2325978 |
About Bonds
Pacific Brands Underwear Group, known under its core brand Bonds, was an Australian manufacturer and now a importer of men's, women's and children's underwear and clothing, and a subsidiary of Pacific Brands. The head office is located at 115 Cotham Rd in Kew, Melbourne.
The flashing warning sign that is worrying investors
... So how worried should we be? What is a bond? Governments borrow money by selling financial products called Bonds...
Cost of national debt hits 20-year high
...The interest the government pays on national debt has reached a 20-year high as the rate on 30-year Bonds reaches 5...
The shadowy Chinese firm that owns chunks of Cambodia
... This panicked investors who had bought hundreds of millions of dollars of CCCC s so-called " dim sum Bonds" - Bonds issued in Hong Kong to get around Chinese capital controls...
Premium Bond prize rate set to hit highest for 14 years
... Outside chanceNS& I has now improved the prize fund rate of Premium Bonds - held by millions of UK savers - four times in the last year...
Bank makes history as it reverses ‘quantitative easing'
... The bank sold off a tranche of government Bonds on Tuesday, as it started to reverse the process known as " quantitative easing" or QE...
Investors remain calm despite political chaos
... However, while interest rates - or yields - on government Bonds climbed, they were still below levels that had been seen earlier in the week...
Markets rally on talk of mini-budget U-turn
... The Bank of England has been buying government Bonds - known as gilts - to try to stabilise their price and prevent a sell-off that could put some pension funds at risk of collapse...
Kwasi Kwarteng fired as chancellor amid U-turn speculation
... The Bank of England has been buying government Bonds - known as gilts - to try to stabilise their price and prevent a sell-off that could put some pension funds at risk of collapse...
Markets rally on talk of mini-budget U-turn
By Noor NanjiBusiness reporter, BBC News
UK shares have risen and government borrowing costs have fallen as speculation mounts about a possible U-turn over the mini-budget.
The FTSE 100 index of leading shares was up by around 1. 2% on Friday.
As the backlash continues over the mini-budget, Chancellor Kwasi Kwarteng has been sacked.
The pound dipped to around $1. 12 as financial markets Waited For Prime Minister Liz Truss to hold a press conference.
On Thursday, the pound jumped by More Than 2% to well above $1. 13 against the dollar, as rumours circulated That a U-turn could be imminent.
The pound initially held gains on Friday morning before losing some ground.
Government borrowing costs on debt due to be repaid in 30 years fell to 4. 26%. They had hit 5. 17% on 28 September in The Aftermath of the mini-budget when Mr Kwarteng set out £45bn in tax cuts but did not explain how they would be funded.
The pound also hit a record low of $1. 03 at The Time .
The Bank of England has been buying government Bonds - known as gilts - to try to stabilise their price and prevent a sell-off That could put some pension funds At Risk of collapse.
However, That support is due to come to an end on Friday.
There has been speculation it may be extended, although This Was dismissed by The Bank 's governor, Andrew Bailey , earlier This Week .
The government has already U-turned on its plan to scrap The Top rate of Income Tax , but many Conservative MPs think a further change of plan is imminent.
Senior Conservative MP Mel Stride , The Chair of the Treasury Committee, said the government has to take decisive action.
" The danger here is That they decide they are going to nibble at the edges of this and don't think That will cut it, " he told The Bbc .
" You could end up in That circumstance in the worst of worlds - That you've U-turned but it doesn't settle the markets. "
The government raises money it needs for spending by selling Bonds - a form of debt That is paid back plus interest in anywhere between five and 30 years.
Pension funds invest in Bonds because they provide a low but usually reliable return over a long period of time.
However, the sharp Fall In their value after the mini-budget forced pension funds to sell Bonds , threatening to create a " downward spiral" in their prices as more were offloaded, which left some funds close to collapse.
This sparked an emergency intervention by The Bank of England, which stepped in to buy Bonds and prevent their price falling further.
There has been strong speculation That The Bank will extend the scheme, which is due to end on Friday.
, telling pension funds: " You've got Three Days left now and you've got to sort it out. "
Bethany Payne, global Bonds fund manager at Janus Henderson , told The Bbc it was not clear whether pension funds have done enough to strengthen their finances.
" The Risk is That we don't know how pension funds have used this window of time and whether they have used it effectively by raising cash and doing everything they need to, " She Said .
" So the true test of The Market will be this afternoon and Monday Morning to see whether they have done enough. "
Source of news: bbc.com
