Joe Hockey North Sydney, Liberal Party, Shadow Treasurer
2:06 pm
My question is to the Treasurer. I refer the Treasurer to the fact that the yields on 10-year government debt have increased from around 3.7 per cent in March to around 5.4 per cent today. Is the Treasurer prepared to claim that there is no relationship at all between the record level of projected borrowings by governments and the dramatic increase in interest rates on long-term bonds in the last three months?
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