CANBERRA: Foreign ownership in Australian government debt is at record levels with sovereign wealth funds among keen buyers, the head of the government debt agency told Reuters, while global market conditions should add to investor interest in local debt. Australia is one of only 18 nations with a top-rated AAA credit rating from Standard & Poor's, which on August 5 downgraded the US AAA credit rating, rattling global markets. To keep the Australian ...

CAIRO: Egypt's central bank sold 4 billion Egyptian pounds ($661.28 million) in five, seven and ten-year bonds on Monday, more than it had initially sought, the finance ministry said. The bank said it sold 2 billion pounds of reopened five-year bonds, instead of the 1.5 billion it had offered, 1 billion pounds of reopened seven-year and 1 billion pounds of reopened ten-year bonds. The average yield for the five-year bonds was 16.62 percent, with a range between ...

TOKYO: The interest rate that Japan pays on its government-issued bonds fell to its lowest level since 2003 on Friday, as public borrowing costs surged in Europe on worries over its fiscal woes. The yield on the 10-year Japan Government Bond (JGB) hit 0.815 percent with investors seeking a safe haven amid worries about debt-hit Greece exiting the eurozone and sending shockwaves across the 17-nation bloc. Weak US economic data also helped push investors to Japanese bonds, ...