bond yields falling, interest rate cuts looking a lot more likely. BOE cut rates last night, US Fed looks likely in September, RBA to follow? the torque in NPAT with any interest rate cut is what ~$850k per 25bp cut?
plus with any weaker economy, do we see a greater supply of PDP's and better pricing there???
News: PNC Pioneer Credit Closes A$272.5M Senior Finance Facility, page-21
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