Reserve Bank of Australia publishes review of financial stability

According to the RBA, in global capital markets two main issues include the persistence of low long-term bond yields and compressed credit risk premia: “Both these phenomena reflect, in part, the ex ante excess global supply of saving over investment and an associated ‘search for yield'. They also reflect an apparent optimism by investors that inflation will remain low and economic conditions will remain generally stable.”

RBA claims that this optimism encourages some investors to take on mo

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: