From Peter Martin comes news that the Australian Office of Financial Management (AOFM) – the body that manages Australia’s debt portfolio – has managed to borrow $4.25 billion for 20 years at just 2.865% – the lowest ever interest rate for long-term debt:
…the rate is far lower than the previous long term rate of 3.945 per cent struck for $7 billion of 22 year bonds issued in October.
