banks

There has been an interesting development in the month of August vis-a-vis the burgeoning Aussie house price collapse. We have carefully demonstrated how the...

Australia holds lots of swimming world records, but not so many corporate ones. If, however, you rely on our research and googling capabilities, Westpac (ASX: WBC)...

After a disappointing budget blighted by heinous conflicts of interest that are costing NSW taxpayers at least $630 million a year, NSW attracted a record $8.9...

Following the four major banks reporting their half-year and quarterly results as at the March 2022 balance date, we have updated our estimates of the amount of...

The makeup of the Australian stock market is probably best summarised in a three-word phrase: houses and holes. Last month, the major miners handed down their...

While the 2021 dividend story was all about recovery for Australia’s income investors, the 2022 outlook is one of stability. That’s the reassuring message from Dr Don...

Only a third of the 2,300 international companies in the MSCI World index have been listed since 1990. Of these, it might surprise you that the top-performing stock...

Bank traders have frequently reported AA to AAA rated State government bonds (or semis) have been increasingly behaving like a "safe-haven" asset as the spreads they...

Back in August and September 2021 we noted a very odd anomaly: for the first time, 5-year major bank senior unsecured bond spreads were trading in line with, or at...

Yesterday, APRA released data for the banking system that revealed that balance sheets are growing very rapidly. Specifically, total bank resident loans/leases grew at...

Since 2014, banks have typically bought a large chunk of all new State government bond ("semi") issuance, with a peak of 49% in 2020. Our analysis suggests that as a...

Australian banks are not simply going to repay the $188 billion they borrowed from the RBA, under the Term Funding Facility, when repayment falls due in 2023 and 2024....

Last week NSW's investment and debt issuance agency, TCorp, announced that it had completed the first $1 billion of its proposed $11 billion of bond buy-backs using...

While our updated numbers imply the banks need to buy about $408bn of government bonds for liquidity purposes over the next few years, it is interesting to see how...

Following APRA's release of its October Monthly Authorised Deposit-taking Institution Statistics, we have updated our estimates of the four major banks' debt funding...

Following the banks' latest results, we have updated our estimates of: (1) the quantum of debt they have to issue to replace the $139bn Committed Liquidity Facility...

Folks are starting to turn their minds to what life looks like after the end of the RBA's bond purchase program. There's a fairly robust consensus that Martin Place...

In the AFR this weekend, I write that financial markets are probably not focussed enough on the fact that Aussie banks unilaterally lifting mortgage rates has huge...

Some of the most compelling long-term investment opportunities to be found today lie within the dynamic and rapidly evolving global emerging market landscape. One of...

In a move that's a bit more aggressive than I had expected, APRA just announced that they will close the CLF (Committed Liquidity Facility).   The CLF will be...