Markets

Australia isn’t looking at issuing ultra-long bonds anytime soon

Australia’s bond yield curve is unlikely to extend beyond 30 years for the “foreseeable future”. The head of the Australian Office of Financial Management (AOFM), Australia’s government funding agency, Rob Nicholl says he sees little benefit in an extension, despite inquiries from investors. Australia debuted its 30 year bond last […]
Australia isn’t looking at issuing ultra-long bonds anytime soon
Markets

Bond traders are bidding big for Australian government debt again

Australian government bonds are back in favour. Demand at Australia’s bond sales in 2017 has risen to the highest level in 12 years, as the government’s planned issuance of new debt has more than halved. Last year, investor bids fell to 2.89 times the amount of bonds offered on average, […]
Bond traders are bidding big for Australian government debt again
Markets

MOODY’S: Debt is still affordable, so don’t worry about it rising in Australia

Australia’s high level of debt affordability mitigates the erosion of fiscal strength as the nation’s debt surges, Moody’s Investor Services said. Affordability will likely remain high amid low interest rates and that, along with a “very high” fiscal strength supports Australia’s highest credit rating, Marie Diron, associate managing director at […]
MOODY’S: Debt is still affordable, so don’t worry about it rising in Australia