BlackRock Says Record Aussie Bond Rally to Overwhelm S&P Warning

Updated on
  • Ten-year yield may tumble to 1.5%, BlackRock’s Miller says
  • Altius cautions that Australia lacks U.S.’s reserve status

A reflection of The Sydney Opera House is seen on a window in Sydney.

Photographer: Brendon Thorne/Bloomberg

BlackRock Inc., the world’s largest money manager, says Australia’s historic bond rally would withstand S&P Global Ratings following through on a threat to cut the nation’s AAA credit score.

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