Canberra may halt issue of government bonds

AUSTRALIA - Australia, which has one of the lowest national debts in the world, is considering stopping the issue of government bonds and running down its existing portfolio in what local economists say would be a first for a developed country.

Peter Costello, the treasurer, reported the Financial Times, said at a conference in New York this week that he was not convinced government bonds were needed to ensure market liquidity and that it was up to the financial markets to dissuade him from hi

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