Editor’s Picks 14 August 2016 at 23:25 GMT

Aussie dollar credit trails US bonds for first time since 2010

Corporate bonds in Australia are losing out to their US peers for the first time in six years, as the nation struggles with the aftermath of a mining bonanza. Wes Goodman writes resources companies and lenders lagged behind as a gauge of corporate notes Down Under returned 4.2% this year, trailing an 8.8% rally in US credit. Bonds from consumer companies, utilities and communications led local gains. Foreign-based issuers, who make up more than 40% of the index, are among the best performers.
Read full article at Bloomberg


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