Southern stars: Australian banks offer relative value

sydney-montage

With relatively low holdings of toxic structured credit assets, Australian banks emerged from the crisis in a stronger position than their peers in other developed markets. But this is not reflected in credit spreads, presenting investors with possible relative value opportunities.

In the red corner, a bond from an Australian bank: in the blue corner, a bond from an American or European bank. Which would you expect to be in better shape? On the face of it, everything points towards the Australia

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: