Aussie banks lose out to Canada as China exposure and housing take a toll
Sydney
THE tyranny of distance is weighing on Australia's banks in the US bond market.
The yields that dollar debt buyers demand from Australia's largest lenders are higher than for Canadian banks with similar credit ratings, an analysis of more than 80 securities compiled by Bloomberg shows. While the two commodity-producing nations' banks are among the developed world's most profitable, risks from China and real estate loom large for investors looking at Australia from half a world away.
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