In August 2018, the Commonwealth Bank raised $3.5bn by issuing a dual tranche three and five year bond deal at a credit spread of 73 basis points (bps) and 93bps (respectively), in what was the largest corporate bond transaction since the Global Financial Crisis. Three months later Westpac took over... Show More
Recently Australian bond yields have moved below those of the US. Historically such negative spreads have tended to be uncommon and short lived. So let’s all rush out and short Australian bonds relative to US Treasuries and make some quick money. Not so fast! This time things could be different. Show More
