Australian Bond Sales Surge to Record as Investors Shun Dollar
The Sydney Opera House in Sydney, Australia.
Photographer: Lisa Maree Williams/BloombergAustralia’s credit market is becoming a favored destination for investors seeking alternatives to dollar investments, driving local bond deals to a record.
Sales of company and government debt have reached a record A$50.7 billion ($35.6 billion) so far in January, according to data compiled by Bloomberg. The flurry comes amid renewed weakness in the US dollar — which marked its weakest level since early 2022 — prompting investors to lean further into the de-dollarization trend.