Retail investors will now be able to buy $10,000 parcels of
Australian government bonds on the Australian Securities Exchange,
five years after the process began to make it possible.
ASX chief executive Elmer Funke Kupper launched the market
yesterday, to go live today at 10.15am, although he made it clear
he did not expect a rush as bond prices were looking much likelier
to drop than rise.
"It's been a long time coming," he admitted, but said the ASX had
an eye on the longer term and hoped the innovation would underpin a
yet-to-develop retail market in corporate bonds.
The Australian government bond market, which was nearly paid out of
existence during the Howard government, now stands at about $150