Funds Buy Australian Bonds on Signal Rate Hikes Are Nearing End
Investors are purchasing Australian bonds, anticipating that the Reserve Bank of Australia will soon conclude its cycle of interest rate hikes. Borrowing costs in the country recently reached a 15-year high.
Investors are starting to snap up Australian bonds, betting that the Reserve Bank is nearing the end of its rate-hike cycle after lifting borrowing costs to a 15-year high.
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