The one percenters

Australian 3-year bond yields have hit an all-time low today as buyers continue to search for safe income. Yields a short time ago were at 1.985%.

Australian 3-year bond yields have hit an all-time low today as buyers continue to search for safe income. Yields a short time ago were at 1.985%. oncepercenters



Source: Bloomberg

The buyers are numerous – sovereign wealth funds, reserve managers and offshore hedge funds (and me) among them. The sellers seem to be mainly domestic institutions. We expect yields to continue to track lower from here. Next stop? One percent yields.