30 C
Port Moresby
March 7, 2021
Business

Black Rock to lift holdings of Australian state-issued bonds

Share the News

BLACKROCK Inc, the world’s biggest money manager by assets, plans to increase holdings of debt issued by Australian states, and expects federal-government bond yields to plunge to record lows. BLACKROCK Inc, the world’s biggest money manager by assets, plans to increase holdings of debt issued by Australian states, and expects federal-government bond yields to plunge to record lows.Steve Miller, head of Australian fixed income at BlackRock, said the high-yielding securities offered by state borrowers – also known as semis – and their relatively strong balance sheets represent a buying opportunity in a world of diminishing AAA-rated governments. State-government debt is similar to municipal debt issued in the US.

Related posts

Greece sees final solution on debt crisis amid euro uncertainty

Reuters

Digicel Aims to Bring Affordable ICT Services to the People

EMTV Online

Oil firm on Iran sanctions, but rising U.S. supply and strong dollar weigh

Reuters
error: Content is protected !!