Thursday, September 5, 2013

S & P DOW JONES INDICES: Australian Bond Prices Tumble Post-RBA Rate Decision

Highlights:
  • The S&P/ASX Australian Fixed Interest Index dropped 0.37% in August after the RBA rate decision.
  • The S&P/ASX Government Bond Index led losses, falling 0.67%.
  • Within the S&P/ASX Australian Fixed Interest Index, the longer ends of Australian bonds underperformed the market, with 10-year+ bonds dropping 1.18%.

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