Risk aversion the order of the day even as Australian position strengthens
- Friday, 14 May 2010
Bullish economic projections released by the Australian government at the same time as the federal budget for 2010/11 have not yet been enough to spur a return to local primary market issuance. And while some market sources say new deals may be forthcoming in the near future as short-term volatility settles down, most also believe that risk appetite has been set back several steps by sovereign concerns.
