The coordinated, rapid rise in long bonds worldwide in the past few weeks is not a good sign for property? Why? It means wholesale rates are going up too. Aussie banks need a lot of dough from the international money markets to support demand for money here in Australia. If this persists, it means aussie banks will have to raise their interest rates to cover these increased costs.
http://housesandholes.blogspot.com/2010/12/global-bond-backup.html
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