Banks’ battle zone will crimp yields

The pressure on banks to cut deposit rates has worsened thanks to Mark Bouris and YBR … but bank hybrids are clearly the best in class.

PORTFOLIO POINT: Macquarie Bank and YBR are making a fierce play against the other majors for new loans business. Lock in longer-term deposits and search out other interest-bearing alternatives.

Low interest rates are here to stay for now and, if you’re relying on income from bank term deposits and other interest-bearing securities, get ready for some more yield pain.

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