aazpb showing great yield now, page-2

The 3-month BBSW is already below 6%, and it is expectd to keep falling as the economy moves into recession.

For BBSW to average 6% to 2011, you are basically predicting a quick and shallow recession. Would be great if true, but I don't think so.

Anyway the main theme for AAZPB is not the absolute yield, because with its margin it will always have higher yield (IF delivered) than other floating rate interest rate securities, even if BBSW drops to 0.

The million dollar question for AAZPB is what price is low enough to compensate for ALZ's financial risk?

Capitaland has trouble of its own. Just look at its share price. And look at its operating cash flows, compare them with reporting incomes, not healthy at all.