Australian banks Australian interest rates

Funding costs on move as viral credit freeze continues

David Llewellyn-Smith

Friday 6 March 2020

Marginal bond funding costs continue to show rising stress. US and EM junk bonds are falling:

In the US, yields are breaking above the 2018 Fed hiking scare crash:

Chasing volatility:

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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.