This story from Fairfax is a little unsettling:
Commonwealth Bank, Westpac, ANZ and National Australia Bank have raised $65.2 billion in wholesale debt from investors this calendar year, the lowest running total since at least 2012, Bloomberg data show.
It is significantly less than the $90 billion raised at this time last year…NAB senior credit analyst Simon Fletcher said there had been a “very healthy” start to the year with the big four raising almost $15 billion in January, but rolling average wholesale debt issuance had slipped to about $5 billion a month since then.
