Senate debates Questions without Notice

Economy


Penny Wong

Penny Wong SA, Australian Labor Party, Minister for Finance and Deregulation

2:43 pm

The accounting standards applicable on the budget papers require us to reflect the current market value of bonds on issue. Obviously, the market value reflects current bond prices in the secondary markets. Currently, the yields on our bonds are at 60-year lows because global investors obviously have an appetite to invest in bonds as a safe haven instrument.

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