Excerpt from: Bonds and Interest Rates CFDs and Spread Bets
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| February 06, 2007 | | Spread betting and contracts for diffrences on Australian bonds | Spread bets and CFDs considering Australian government bonds should be aware that they are advancing on the bond market. The Australian reports on government bonds on the Australian bond market:
Meanwhile, the Australian bond market ended stronger after a rally
mostly driven by hedge fund activity, as the market readied for the
outcome of the Reserve Bank of Australia's (RBA) board meeting today on
interest rates. ...
ABN Amro head of government and semi-trading Andrew Kennedy said bond prices had rallied mostly due to hedge fund activity.
"Our market has been heavily dominated by CTA's (commodity trading accounts) - leveraged money in the futures," he said. | | |
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