You are here

Major Aussie banks switching from US money markets to longer-term bonds


A WORSENING dislocation in the US money markets is helping to drive a run of jumbo dollar bond sales from Australia's major banks, as the likes of Westpac Banking Corp take advantage of attractive hedging costs to lock in low rates.

Due to a need to switch funding away from...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to