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S&P Global Ratings (S&P) stayed its hand on Australia’s sovereign rating following the release of the Commonwealth’s mid-year economic and fiscal outlook (MYEFO) on 19 December 2016.

S&P Global Ratings (S&P) stayed its hand on Australia’s sovereign rating following the release of the Commonwealth’s mid-year economic and fiscal outlook (MYEFO) on 19 December 2016.

S&P Global Ratings (S&P) stayed its hand on Australia’s sovereign rating following the release of the Commonwealth’s mid-year economic and fiscal outlook (MYEFO) on 19 December 2016.

Market participants in Australia and New Zealand will be keenly watching the path of QE unwind in Europe for signs of how normalising markets in the northern hemisphere might influence global demand for the – until recently – higher-yielding Antipodean rates markets.

S&P Global Ratings (S&P) stayed its hand on Australia’s sovereign rating following the release of the Commonwealth’s mid-year economic and fiscal outlook (MYEFO) on 19 December 2016.

S&P Global Ratings (S&P) stayed its hand on Australia’s sovereign rating following the release of the Commonwealth’s mid-year economic and fiscal outlook (MYEFO) on 19 December 2016.

S&P Global Ratings (S&P) stayed its hand on Australia’s sovereign rating following the release of the Commonwealth’s mid-year economic and fiscal outlook (MYEFO) on 19 December 2016.

Australian governments of both political stripes have been projecting a return to budget surplus at the back end of forecast periods for what seems like a lifetime. The 2017/18 budget at least delivered a narrowed deficit, but analysts see virtually no prospect of sustained, substantial surplus.

Australia’s major banks are set to pay more for their wholesale funding – both short and long term – under a major-bank levy introduced by the 2017/18 Commonwealth budget. Perhaps unsurprisingly, the banks say the levy is unfair and poorly planned.

Australia’s major banks are set to pay more for their wholesale funding – both short and long term – under a major-bank levy introduced by the 2017/18 Commonwealth budget. Perhaps unsurprisingly, the banks say the levy is unfair and poorly planned.

Sumitomo Mitsui Financial Group (SMFG) issued the Australian dollar market’s largest deal explicitly to comply with total loss-absorbing capacity (TLAC) rules in March, when it priced a A$1 billion (US$762.3 million), five-year transaction. The bank’s Tokyo-based senior vice president, debt strategy and issuance group corporate treasury department, Atsushi Ouchiyama, discusses strategy.

S&P Global Ratings (S&P) stayed its hand on Australia’s sovereign rating following the release of the Commonwealth’s mid-year economic and fiscal outlook (MYEFO) on 19 December 2016.