Are you referring to Australian interest rates or something more international like US interest rates or 10 year treasuries?
@donnyk01
CGF's Life investment assets are denominated in several different currencies (and are subsequently currency hedged, see breakdown below):
Therefore, the bond portfolio’s mark-to-market is sensitive to movements in global yields, not just AUD yields.
But, as I have pointed out before on these threads, rising yields will be a net positive for CGF from a cashflow perspective. For, the Company will be able to reinvest maturing bonds at higher yields, whereas the payments to annuity holders on existing contracts will remain unchanged.
Cheers
Why has the share dropped., page-27
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Last
$6.73 |
Change
0.100(1.51%) |
Mkt cap ! $4.651B | |||
| Open | High | Low | Value | Volume |
| $6.69 | $6.83 | $6.64 | $5.426M | 803.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4064 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.78 | 100 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| CGF (ASX) Chart |