CSL 1.51% $306.60 csl limited

CSL possible pull back to low $200's, page-133

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    Do you realise that rising 10yr US bonds are negative for CSL?

    The 10yr US bond is used as a proxy for the 'risk free return'.
    A higher risk free rate, equals a higher 'risk adjusted return' required for CSL.
    A higher 'risk adjusted return' for CSL translates into a higher earnings yield required.
    This translates into a required lower PE.
 
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