Australian Bonds Remain Higher After RBA Repeats Rate-Cut Scope
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Australia’s government bonds rose, sending three-year yields to an 11-week low, as investors added to bets the central bank will cut interest rates.
The Reserve Bank of Australia reiterated in the minutes released today of its meeting this month that the inflation outlook gives it room to cut borrowing costs and that the Australian dollar “remained high.” The Australian dollar’s one-month implied volatility against the greenback rose to the most in seven weeks as investors weighed how the country will cope with a slowing global economy.