Mystery buyer plunges on Aussie bonds

Advertisement

Via Domainfax:

A single buyer snapped up all $800 million of Australian government bonds sold on Wednesday, the largest ever amount bought by one bidder in auctions that date back to 1982.

The sale of a nominal bond to just one entity hasn’t happened since August 2013, according to data from the Australian Office of Financial Management, the government funding arm.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.