Debt investors take the sidelines
As debt issues dry up, investors are holding off for new stock.
Summary: Almost $2.4 billion in ASX-listed debt securities matured in June, and the data suggests that investors didn't reinvest in the same market. The market appears undersupplied. A couple of high-performing subordinated notes propped up June index returns, namely those issued by Qube and Crown Resorts.
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