As Leith noted yesterday, Australia is well into a specufestor mortgage credit rout:
If we dig into APRA’s monthly banking stats for May today we can see who’s behind it. Basically the majors are all pulling their heads in, though ANZ flopped into the positive for one month at least:
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But one big eight bank is all-in. Mad Macquarie is still growing its specufestor book at stupid rates: