There is Plenty of Potential Upside for 10-Year Australian Govt Bond Yields
Dow Jones
5 hours ago
0353 GMT - The recent rise in U.S. bond yields is flowing into the Australian market, and it is bad news for state and federal governments that continue to borrow at high rates, says Shane Oliver, chief economist at AMP. It seems like the bond vigilantes are back after years of hiding in their caves, Oliver says. Public debt interest costs should rise even faster in Australia at a time when government revenues are under threat. It would not be surprising to see the 10-year Australian yields hit 5.5% soon from 5.16% now, Oliver says.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.