Reported 3 days ago
Australia's major pension funds are increasing their investments in local government bonds, considering them a safer option as trade tensions impact global markets. The Australian Retirement Trust has raised its bond allocation to levels not seen since the global financial crisis, citing the shifting perception of safe assets amidst U.S. tariffs. Domestic bonds are gaining attention due to attractive yields and the Reserve Bank of Australia's potential interest rate cuts. Despite some funds still seeing value in U.S. Treasuries, the trend of returning to Australian fixed income is evident as funds seek stability.
Source: YAHOO