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Pricing may be tightening further for choice financial borrowers, if the reception for a A$900 million two-tranche, five year note issue from US bank Wells Fargo on Friday is any guide. read more

In what will undoubtedly be bad news for the Reserve Bank, an analysis of its data reveals that there is plenty of scope for banks to cut mortgage rates beyond the cuts in five year fixed-rates initia.. read more

The story of last week - and of 2014 for that matter - is prime mortgage-backed securities issuance. read more

There was speculation in the Australian Financial Review last week that NAB may be about to embark on a buyback of its Income Securities issued in 1999. The securities were issued as a perpetual instr.. read more

The Financial System Inquiry interim report describes Australia's banking market as relatively concentrated by international standards, with the level of concentration increasing since the GFC. read more

The FSI did not spend a lot of time examining the corporate bond market in its interim report, released yesterday. The report devotes no more than six well-spaced pages to the subject. read more

A deeper and more liquid corporate bond market "would provide diversification benefits to both issuers and investors," the FSI panel believes. read more

Attached to this edition of The DCM review is the Australia and New Zealand debt capital markets chartpack, compiled by ADCM Services. read more

The low interest rate environment that has persisted in most developed economies since the financial crisis has led to increasing concern about accelerating house prices and increased household indebt.. read more

Offshore, National Australia Bank (rated AA-) sold US$2.1 billion of bonds in the US s144A market last week. The three tranche issue comprised US$500 million of fixed rate and US$850 million of floati.. read more