Central Bank Action Weigh on Aussie and Japanese Bonds
Japanese bonds are plunging. Australia’s surged to a record. Blame it all on central banks. Benchmark sovereign notes in Japan headed for their biggest loss in three years on speculation the central bank will amend its unprecedented debt-purchase plan as soon as September. Australian yields tumbled to levels never seen before as the Reserve Bank cut interest rates in response to inflation running below its target. Rathbone Chief Investment Officer Julian Chillingworth discusses with "On the Move" hosts Manus Cranny in London and Caroline Hyde in Berlin.