From Fairfax:
Investors in Australia are struggling to find shelter from market turbulence this quarter.
Federal government bonds fell 2.4 per cent from the end of March through to Monday, Bloomberg AusBond indexes show, failing to provide the kind of counterbalance to stocks that debtholders usually covet. The S&P/ASX 200 Index of equities lost 4.1 per cent over the same period. Even corporate notes, which offer higher yields than government debt in return for accepting increased credit risk, have dropped by 0.6 per cent.
