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crazypabs

Is this bad or good?

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21 hours ago, crazypabs said:

https://uk.reuters.com/article/suncorp-bonds/australia-mortgage-defaults-trigger-repayment-limits-for-suncorp-bond-idUKL3N20S1EI

So if defaults trigger something is this significant and is this good or bad for financial businesses?

It's a bad sign I would say. Didn't something similar occur with Santander?

https://www.cnbc.com/2019/02/13/santanders-shock-bond-move-is-controversial-but-not-contagious-analysts-say.html

I think Suncorp are still planning on paying out on all bonds at the moment but the mortgage defaults have triggered a prioritisation of payouts to upper class bonds over class B ones. May be worth keeping an eye on in case things deteriorate more.

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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