月度基金评论：State Street浮动利率基金

关键论点

• 澳大利亚央行将现金利率维持在4.35%，但保留紧缩倾向，若上行风险成真准备加息。
• 二季度GDP强于预期且CPI顽固，我们预计9月加息，若数据延续趋势11月将再次加息。
• 澳洲央行假设布伦特原油回落至70美元中低区间，但随着油价走高，该假设显得乐观，通胀可能更顽固。
• 浮动利率票据优于方向性久期押注，因季度BBSW重定价且资本风险极低。

对应原文证据

1. In August, the State Street Floating Rate Fund returned 0.38% (net), outperforming the benchmark by 0.01%.1 Australian money markets were relatively stable throughout most of the month with the RBA leaving the cash rate unchanged at 4.35%, and softer employment data providing some support.
2. Domestically, CPI and household spending numbers came in higher than expected, prompting a renewed rise in rate expectations.
3. As expected and in a unanimous decision, the RBA left the cash rate unchanged at 4.35% at its August meeting.