Record rate cut signal buoys Kanga bankers

Cabei, Kangaroo, Australia, LatAm
By Frank Jackman
22 May 2019

Kanagaroo bond market participants welcomed the prospect of ever lower rates in Australian dollars as four SSA borrowers priced taps over Tuesday and Wednesday.

Bankers are confident that the expected change in rates will bring stability to the Aussie dollar market.

“At this point a cut has 90% been priced in,” said a Kangaroo bond banker. “We saw a huge amount of volatility in the market. That said, it’s not likely to affect ...

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