Australian banks Australian interest rates

Bank funding cost rocket cools

David Llewellyn-Smith

Monday 23 May 2016

The CBA CDS price has continued its recent easing trend edging down Friday to 98bps:

Our US and European proxies are unchanged so the Ponzi Index has eased back as well:

As has US high yield as oil remains firm:

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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.