$45.00 Short-term rerate, page-69

CBA is also a hold with dividends increasing according to Jed in this article. Hmmmmm! This does not sit well with the twin perils of rising interest rates and competitiveness in the sector. You can now get 4.5% on your money without too much trouble risk free so the banks want to pay you a dividend of at least 5.5% FF if you ask me. That means CBA needs 2 bumper divvies to be a buy in a shaky banks market.
Think i'll buy some more WDS and ALD as even if the yield does reduce a bit, they are still better at the moment than the banks and if oil tanks, we will be in recession, so can't see the banks doing well there either as there will be home loan blood on the streets.