RBA minutes show bond yields at “historic low”

reserve-bank-of-australia

The minutes of the Reserve Bank of Australia's July monetary policy meeting, published on August 21, showed the yield of Australian bonds has hit a "historic low".

This is part of a wider trend, with bond yields decreasing for many major sovereign issuers during July, the minutes say. But the decline in yields in Australian sovereign securities was particularly pronounced, "with the 10-year yield briefly falling to a historic low just below 2.7%".

High levels of offshore purchases of Australian

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