| 12.05.2011 - Australia: Bond moves may create need for a sovereign wealth fund |
| A sovereign wealth fund may be needed to manage proceeds of budget moves to shore up the government bond market. The government has guaranteed the bond market will not be allowed to shrink below its present size of 12-14 per cent of GDP when the budget returns to surplus. Government bonds worth $161 billion are on issue now, and the figure will rise to about $200bn by the end of 2011-12..............................................Full Article: Source |