The 2013 Federal Budget was the 6th Budget delivered by the current Treasurer and incumbent Government. Delivered exactly 4 months out from the next Federal election, it may prove to be their “swan song”.

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The collapse in short term interest rates and associated fall in long term bond yields has seen investors seek out decent investment yield in assets as diverse as corporate debt, property, infrastructure and shares.

It seems that every 6 -12 months the China perma bears roll out their worries again.