Business
Hungry investors dive into record $2b mortgage bond – The Australian Financial Review
The Australian residential mortgage-backed securities market is heating up, with a run of deals meeting hot demand from yield-starved investors.
You have all these investors looking for yield, he said. Its not just Australia, its global.
The absence of the big banks from the mortgage bond market has also squeezed investor demand, juicing the size of the latest non-bank deals.
Deposit-taking lenders have used the Reserve Bank of Australias Term Funding Facility, which allows them to borrow at the 0.1 per cent cash rate for three years, instead of tapping global capital markets to support residential lending.
The TFF came into place last year…
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