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