Photographer: Peter Parks/AFP via Getty Images

Australia Sells A$7.6 Billion of 30-Year Debt in Record Deal

Updated on
  • Benchmark yields jump after larger than expected 30-year sale
  • Sale comes as foreign demand for Aussie government debt wanes

Australia’s government sold its biggest-ever bond, raising A$7.6 billion ($5.8 billion) in a debut offering of 30-year securities. Yields on benchmark 10-year debt jumped to the highest since June.

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