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

The cost line will be the problem with the Commonwealth Bank profit in two weeks’ time, and CBA will be the biggest sell ever if they pay a final dividend. read more

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

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

Dividend seekers will be pinning their hopes on a more accommodating policy on capital management from APRA next week, but don’t look for any rush on the part of sell-side banking analysts to restore.. read more

The supply of business credit “appeared to have tightened,” the Reserve Bank of Australia curtly declared in the minutes of its Monetary Policy Meeting two weeks ago. read more

Philip Lowe and Josh Frydenberg will take it in turns today to reframe the macroeconomic narrative in Australia. Yesterday’s nugget: the underwhelming SME Guarantee Scheme for business lending has bee.. read more

A sharp view against the One Nation bill seeking to prohibit the unlikely and entertain wingnuts has landed from a former key bank adviser, Nicholas Hossack. read more

Household financial stress was a mixed bag in June, though stress levels eased overall - a relief for banks and mortgage funders. read more

The RBA’s $90 billion Term Funding Facility, intended to support business credit, seems to be missing the mark. “SMEs generally aren’t looking for credit,” industry analyst Neil Slonim says. And use o.. read more