Higher RMBS demand prompts Australia to end purchases

04/10/2013 | Bloomberg · Reuters

Australia has seen a revival in its residential mortgage-backed securities market, spurring the government to stop buying such bonds, Treasurer Wayne Swan says. "The Treasury has advised me that it's now time to stop making new investments," Swan said. "Investors have a renewed sense of confidence and appetite for the asset class. Pricing is now significantly better than for most of the last five years."

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Bloomberg · Reuters

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