19 Dec 2017
Australia's vanishing yield spread will not be a FX disaster, says Macquarie Bank - Bloomberg
A Bloomberg report mentions Macquarie Bank's Berry saying that Australia's vanishing yield spread will not be the "FX disaster" as some are predicting.
Berry says, "yield isn't the only consideration for reserve managers and other investors seeking to diversify their holdings. The nation's equities still offer superior dividend yields and will also support the currency".
- AU-US 10Y spread at 17-year low, AUD no longer a high yielding currency?