Australian Bond Yields Drop to Record Below 2% on Brexit Concern

Updated on
  • ‘Part and parcel of the world of low yields’: ANZ’s Whetton
  • Swaps market shows 71% chance RBA will cut rates by year-end

Australia’s 10-year bond yields fell below 2 percent for the first time after the Federal Reserve reduced forecasts for interest-rate increases and cited concern the U.K. may vote to leave the European Union.

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