Photographer: Brendon Thorne/Bloomberg

Here's What Will Drag Down Aussie Bond Yields, According to HSBC

  • Japanese, European rates exerting `gravitational pull': HSBC
  • Flows data shows Japanese investors stocking up on Aussie debt

Forget domestic inflation, the Reserve Bank of Australia and even the Federal Reserve. The “black hole” of Japanese and European interest rates will be the thing that drags down Australian bond yields, according to HSBC Holdings Plc.

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