SUBSCRIBERS

China IMF victory to sap central bank appetite for Aussie debt

Appeal of such bonds is being eroded by a narrowing yield premium over the US

Published Wed, Nov 18, 2015 · 09:50 PM

Taipei

CHINA is about to deal another blow to Australian bonds as the yuan's ascent into the International Monetary Fund's reserves diverts investments from Aussie-dollar assets.

The IMF signalled that it will include the yuan as the fifth currency in its Special Drawing Rights basket this month, a stamp of approval for China's progress in internationalising the currency.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here