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The S&P/ASX Australian Fixed Interest Index dropped 0.37% in August after the RBA rate decision.
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The S&P/ASX Government Bond Index led losses, falling 0.67%.
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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%.
Charles Choong, CFP® (ARN 244731) Authorised Representative of Australian Investment and Insurance Group Pty Ltd ABN 93 068 486 126 AFSL 226405 T: 03 9820 0284 E: firstpacificfs@gmail.com W: www.firstpacificfs.com
Thursday, September 5, 2013
S & P DOW JONES INDICES: Australian Bond Prices Tumble Post-RBA Rate Decision
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