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Page 1: C & K AC€¦ · Our understanding is that 75% of Australian bonds are held overseas (UBS) and these investors are driving yields lower. We also believe that global bonds are just
Page 2: C & K AC€¦ · Our understanding is that 75% of Australian bonds are held overseas (UBS) and these investors are driving yields lower. We also believe that global bonds are just
Page 3: C & K AC€¦ · Our understanding is that 75% of Australian bonds are held overseas (UBS) and these investors are driving yields lower. We also believe that global bonds are just
Page 4: C & K AC€¦ · Our understanding is that 75% of Australian bonds are held overseas (UBS) and these investors are driving yields lower. We also believe that global bonds are just

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