Australian banks Australian interest rates

Bank funding cost rocket refueling for more

Monday, 2 May 2016

The CBA CDS price fell a little Friday to 101.5bps:

Our US proxy in Wells Fargo was stable but the European proxy in Credit Agricole rose 5% so the Ponzi Index slipped back:

US high yield spreads also tightened slightly bringing the Aussie banks with them:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.