The Australian federal government is decreasing the number of bonds it issues into the market, a move that has provoked concern from the country's issuers and investors. They believe that Australia needs a strong bond market, whether it needs the funds or not. One controversial solution is that the government should continue to issue bonds, which it would then invest in securities selling Telstra to buy Microsoft as it has been cynically described. Asiamoney's Fiona Haddock discussed the issue with semi-government issuers and institutional investors in Sydney. National Australia Bank acted as co-chair.
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