Australian dollar- and yuan-denominated bonds see strong demand

03/29/2013 | Reuters

Bonds denominated in China's renminbi and the Australian dollar are seeing unusually high demand as global investors search for yield in currencies correlated to the U.S. dollar, analysts say. Such correlation is tempting investors to look at assets denominated in the Chinese and Australian currencies, which provide greater yield than domestic equivalents denominated in the U.S. dollar.

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