Australia's Stevens Asks if Policy Has Reached Its Limits

  • Average spread drops to 15 basis points, matching 12-year low
  • Trend is for `more tightening,' says Mitsubishi UFJ Kokusai

Glenn Stevens, governor of the Reserve Bank of Australia.

Photographer: Brendon Thorne/Bloomberg

Australia’s states are enjoying close to the strongest demand for their debt on record, even as they struggle to adapt to slowing global economic growth.

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