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2025-07-29 15:55:18
[BlackRock: Australian government bonds may outperform US bonds] Craig Vardy, head of fixed income at BlackRock Australia, said that as the market continues to digest the fiscal risks affecting long-term government bonds, Australian government bonds may outperform US government bonds. Vardy said in a webinar on Tuesday that taking into account issuance and fiscal risks, the pricing of long-term US government bonds will include more term premiums, and the Reserve Bank of Australia may continue to cut interest rates. The fact that Australia's 10-year government bond yield is about 20 basis points lower than that of US government bonds may mark the lower limit of the spread. If the yield is about 10 basis points higher than that of US government bonds, "you may see some people restart this trade."
