Interest rate rise triggers demand for Australia’s bond market, which has finally come of age

Australia has always punched above its weight in financial markets.

The country accounts for less than 2 per cent of the global economy, yet the currency has been the fifth or sixth most actively traded since the 1983 float. And a combination of strong governance, a stable economy and demand for foreign capital (at least in the past) meant Australia’s equity markets have long been considered a useful diversification for foreign investors.

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