Magellan’s Hamish Douglass says interest-rate risk is one of the most important questions for investors today – ranking just behind trade war worries in his list of concerns for markets – as Australian government bond yields fall to a record low.
The chief investment officer of Magellan Financial Group noted that bond yields around the world were trading at very low levels, with the Australian 10-year government bond yield hitting a record low on Wednesday of 1.48 per cent to briefly trade below the cash rate.
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Sarah Turner is the editor of the AFR Weekend Perspective section based in our Sydney newsroom. Email Sarah at s.turner@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
