WATC 2019 Annual Report

Australian bond yields fell sharply over the course of 2018/19 as the outlook changed from one where the market expected the next move in the cash rate to be an increase to one where a rate cut was likely, with the Reserve Bank of Australia (RBA) cutting the cash rate by 25 basis points in June 2019 to a fresh record low of 1.25 per cent. ................
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