International Long-Term Government Bond Yields

With all the concerns over the health of the global financial system, we were somewhat surprised to see that Australia is the only country whose 10-year government bond yield is at its lowest level of the credit crisis.  It appears as though the prospect of bigger government deficits from the seemingly never ending stream of bailouts is trumping the flight to safety.  Will sovereign bonds be the next asset class to fall victim to the credit crisis?

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