Australian bond-market talk points to upside for 10-year yields
AMP chief economist Shane Oliver says the recent rise in U.S. bond yields is flowing into Australia, a headwind for state and federal governments borrowing at high rates.
The recent rise in U.S. bond yields is flowing into the Australian market, and it is bad news for state and federal governments that continue to borrow at high rates, says Shane Oliver, chief economist at AMP.
It seems like the bond vigilantes are back after years of hiding in their caves, Oliver s…