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Australia Broke A Record In Government Bonds Sales Again
Australia broke a record in government bonds sales again for the third time in a row.
Yazar: Tom Roberts
Yayınlanma: 27 Ağustos 2020 23:29
Güncellenme: 4 Kasım 2024 02:16
Australia Broke A Record In Government Bonds Sales Again
Due to the Corona virus epidemic, all states are going through a difficult economic test. According to the news in Bloomberg, Australia has sold 11-year new government bonds worth $ 15.1 billion to generate revenue. Australia broke a record in government bonds sales again for the third time in a row. Bonds dated November 1, 2031 were priced at a yield of 1055 percent, according to the Australian Office of Financial Management. There was record interest in the bonds, with demand three times higher than for sale. “The Reserve Bank of Australia keeps rates high, attracting investors with high earnings opportunities,” said Prashant Newnaha, senior strategist at TD Securities.37.4 Billion Dollars In The Entire 2019
Australia had previously broken a record by selling $ 9.3 billion in bonds in April and $ 13.7 billion in May. The government had prepared an incentive package of approximately $ 94 billion to support the economy in the corona virus outbreak. Australia has largely paid off the cost of this through bond sales. While a total of $ 37.4 billion of bonds were sold in 2019, nearly $ 130 billion worth of bonds were sold in 2020.Australia's Government Bonds Offer A Very Attractive Yield
“Australian government bonds offer similar FX hedge returns for Japanese, European and US investors as well as Spain,” said Duangjai Samranvedhya, chief investment officer of Singapore-based Coote Bonds Pty. Italy is currently the only G-10 country with more returns than Australia. That's why Australia's AAA government bonds offer very attractive returns, ”he commented.İLGİLİ HABERLER
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