Time to reconstruct or default deferred loans

Insolvencies concentrated in the leading edge industries of transport and construction will be ringing alarm bells for banks. On the consumer side there is some evidence – via Firstmac - that the stur.. read more

Deferrals pain builds for banks

Credit cards and personal loans are one lending category in deep trouble in banking, the latest APRA overview of loan repayment deferrals due to COVID-19 shows. read more

Treasury Notes here to stay

A household saving ratio of around 20 per cent in the June quarter. No wonder AOFM chief Rob Nicholl is looking to the safety of cash, ‘but with a marginally better return’. read more

AOFM less fearful

The broken state of the bond market was a surprise in Rob Nicholl’s AOFM update for the debt market yesterday. read more

TFF drawdown calculus ‘will change’

The utility of the Term Funding Facility will come into focus over the two months this window remains opens, Christopher Kent, the RBA’s assistant governor for financial markets argued yesterday. read more

The Australian wasteland

An unemployment rate of 8.75 per cent this time next year, and twice full employment target for Australia is one grim forecast in yesterday’s mini-budget. In June the ‘effective’ rate was 11 per cent. read more