Australian banks Australian interest rates

Australian bank funding cost rocket scorches RMBS market

Friday 26 February 2016

Australia’s largest corporate trustee, Perpetual Corporate Trust, has declared that the securitisation market is “open” and expects to see a recovery in mortgage-backed securities issuance in coming months.

There have been no issues of mortgage or asset-backed securities by Australia issuers so far this year. At the same stage last year more than A$5 billion of RMBS had been issued.

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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.