(Bloomberg) -- The Australian dollar traded near an
18-year high as investors were attracted to the yield advantage
of the country's bonds over U.S. debt.
The yield spread between Australian two-year bonds and
equivalent Treasuries widened to 1.51 percentage points, the
most in two weeks. The currency is the second best performer
this month after New Zealand's dollar on Australia's 6.25
percent interest rate, which compares to 5.25 percent in the U.S.
Read more at Bloomberg Currencies News
18-year high as investors were attracted to the yield advantage
of the country's bonds over U.S. debt.
The yield spread between Australian two-year bonds and
equivalent Treasuries widened to 1.51 percentage points, the
most in two weeks. The currency is the second best performer
this month after New Zealand's dollar on Australia's 6.25
percent interest rate, which compares to 5.25 percent in the U.S.
Read more at Bloomberg Currencies News
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