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Australia Debt Agency: Investors concerned about Australia’s possible long-term fiscal deterioration

Headlines crossed the wires from Australia’s debt agency, via Reuters, noting the following:

Investors concerned about Australia’s possible long-term fiscal deterioration

Asia is Australia’s largest regional bond holder

Australia debt agency noted growing interest from large hedge funds

Plans lengthening yield curve with new 30-yr bond issue

Estimates that three quarters of world's top 30 FX reserves managers hold Aussie bonds

Rules out foreign currency issuance

Courage required from RBNZ – RBS

James Nelligan, Research Analyst at RBS, notes that the RBNZ cut its policy rate 25bps recently when the markets were pricing a 12% probability of a 5
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ZAR: Cheap and increasingly cheerful - HSBC

Research Team at HSBC, notes that the ZAR has been the best EM FX performer in the last month, appreciating over 9% versus the USD. Key Quotes “But
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