Yield hunters dominate Aussie bond auctions

Updated November 27 2014 - 4:18pm, first published 3:17pm
Attractive returns: Foreign investors including central banks and Japanese money managers hold about 70 per cent of Australia's government debt.   Photo: Louie Douvis
Attractive returns: Foreign investors including central banks and Japanese money managers hold about 70 per cent of Australia's government debt. Photo: Louie Douvis
Attractive returns: Foreign investors including central banks and Japanese money managers hold about 70 per cent of Australia's government debt.   Photo: Louie Douvis
Attractive returns: Foreign investors including central banks and Japanese money managers hold about 70 per cent of Australia's government debt. Photo: Louie Douvis
Attractive returns: Foreign investors including central banks and Japanese money managers hold about 70 per cent of Australia's government debt.   Photo: Louie Douvis
Attractive returns: Foreign investors including central banks and Japanese money managers hold about 70 per cent of Australia's government debt. Photo: Louie Douvis
Attractive returns: Foreign investors including central banks and Japanese money managers hold about 70 per cent of Australia's government debt.   Photo: Louie Douvis
Attractive returns: Foreign investors including central banks and Japanese money managers hold about 70 per cent of Australia's government debt. Photo: Louie Douvis

A handful of bidders are dominating Australlian government bond auctions, with most buyers getting less than they want of the world's highest-yielding AAA debt.

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