(Bloomberg) -- Australian stocks fell, led by
Woolworths Ltd. and Telstra Corp. after a report showed the
economy grew faster-than-expected in the first quarter, stoking
concern interest rates may rise and sending bond yields higher.
The risk of an interest rate increase this year ``must now be
regarded as high,'' said Shane Oliver, who helps oversee $83
billion at AMP Capital Investors in Sydney. ``Higher bond yields
are a risk for shares.''
Read more at Bloomberg Stocks News
Woolworths Ltd. and Telstra Corp. after a report showed the
economy grew faster-than-expected in the first quarter, stoking
concern interest rates may rise and sending bond yields higher.
The risk of an interest rate increase this year ``must now be
regarded as high,'' said Shane Oliver, who helps oversee $83
billion at AMP Capital Investors in Sydney. ``Higher bond yields
are a risk for shares.''
Read more at Bloomberg Stocks News
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