FULL INTERVIEW: Managing Director of Market Economics Stephen Koukoulas has weighed in on the unprecedented drop of the ten-year bond yield rate, hitting its lowest point in over a century of government bonds in Australia. Mr Koukoulas has told Sky News the 1.
75 per cent drop is a 'reflection of global concerns', not just national ones. Australian government bonds are considered a low-risk investment product and involves investors lending money to governments for a set period at a pre-determined interest rate. Mr Koukoulas says the combination of a weaker world economy, low inflation and the nations recent disappointing GDP result have all contributed in the drop.
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Source: SkyNewsAust - 🏆 7. / 78 Read more »
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Source: SkyNewsAust - 🏆 7. / 78 Read more »