A solid fall in CBA CDS today from a recent high of 76.5bps to 68.5:
It will be interesting to see how far it falls as Eurozone risk comes off the table, especially after Greece votes. Whatever is left is Australia’s own deteriorating situation.
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.
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