Aust, rates fall
NZPA-AAP Sydney The results of this week’s Australian Federal Treasury’s sAustl billion (SNZI.42 billion) bond tender has confirmed the recent downward trend in Australian interest rates since the last tender in March and suggested a weak business demand for borrowings, money market analysts said.
The results of the sixteenth bond tender were well within market expectations, they said. The range of average yields for the SIOOOM of bonds auctioned of 12.518 points to 14.035 per cent compares with market expectations of 12.50 per cent to 14 per cent, and with the last tender’s range of 13.390 per cent to 14.664 per cent.
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Press, 19 May 1984, Page 20
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105Aust, rates fall Press, 19 May 1984, Page 20
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