Aussie Bond Sales Hit Yearly Record as Asian Money Spurs Boom.

Sales of Australian dollar bonds have reached a yearly record, driven by increased demand from Asian investors. Issuance by corporate borrowers and local governments has surpassed the previous full-year record, with Asian investors accounting for about 30% to 40% of demand for some notes. The lower interest rates in Australia compared to the United States, as well as the potential for higher yields, have attracted foreign issuers. While the upcoming US election and differences in benchmark interest rates may affect the pace of issuance, experts believe that the Australian dollar credit market will remain larger than in the past. [Extracted from the article]