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Buyer Fatigue in Australian Bonds Masked by Foreign Purchases

Buyer Fatigue in Australian Bonds Masked by Foreign Purchases

Bloomberg3 days ago
Australia's bond market is showing early signs of stress from the nation's massive borrowing plan this year, but the effect is being obscured by strong demand from foreign investors diversifying from Treasuries.
Yields at debt sales have risen closer to levels seen in the secondary market, with the rolling average gap between them at the tightest level since October, according to a Bloomberg analysis of Australian Office of Financial Management data. A gauge of demand for the nation's government bonds has also fallen from this year's peak, but it remains above a three-year average.
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