Australian banks Australian interest rates

Bank funding frozen

David Llewellyn-Smith

Friday 20 March 2020

Private funding that is. There’s $90bn in RBA coconuts on the way. Interbank spreads are still wide:

GSIBs globally are locked up:

Locally, things got a little worse yesterday with WBC CDS at 96bps:

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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.