Aug
26
Bond House Calls Time on Australian Debt Amid Political Fracas
By-
Politics make local yields less appealing: TwentyFour Asset
- Australian bonds have outperformed Treasuries over past decade
The long-held allure of Australian government bonds may be tarnished as political upheaval grips the nation.
After a chaotic week of politics that saw Scott Morrison named Australia’s latest prime minister, London-based fixed-income house TwentyFour Asset Management LLP reckons revolving-door politics are making the nation’s debt looks less appealing. While Australia’s central bank looks set to keep interest rates at a record low, local bond yields may no longer be sufficient in compensating investors, Gary Kirk, partner and portfolio manager at TwentyFour Asset Management wrote in a note…
Bond House Calls Time on Australian Debt Amid Political Fracas
