Australian bonds add as Aussie reaches month-low on Ukraine tension

Source: Bloomberg
© Scanpix/Reuters
Australian government bonds rose, setting benchmark interest rates to the lowest in a month, as standoff in Ukraine boosted demand for haven assets. GACGB10 government bond interest rate was at 3.98% at 4:55 p.m. in Sydney after it declined to 3.96%, the lowest level since Feb. 4. The interest rate on three years debt touched 2.76%, the lowest since September. The MSCI Asia Pacific Index of shares dropped as much as 0.7%.
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