Negative interest rates 'very confronting'
![John Fraser Treasury Secretary appeared before a Senate Committee at Parliament House.](/content/dam/images/g/m/q/g/f/t/image.related.afrIndexLead.320x210.gna8gj.png/1457048291481.jpg)
Treasury Secretary John Fraser said he found a world in which countries did not see negative interest rates as anything unusual "very confronting".
Treasury Secretary John Fraser said he found a world in which countries did not see negative interest rates as anything unusual "very confronting".
Gold remains a buy even though it has rallied more than 16 per cent since the start of the year, according to a note from Deutsche Bank, with global central bank misfires making a strong case for bullion's safe-haven status.
Investors remain cautious in case the looming referendum on Britain quitting the European Union disrupts this precarious balance.
Fortunately for Australia, one of its biggest soft commodity exports - wheat - has done reasonably well, while beef is the only "bull" market around.
Credit Suisse has found real equity and bonds return higher in the year following rate falls rather than the year after rate rises.
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Iron ore is the surprise outperformer of the year after supply disruptions sent the metal back over the $US45-a-tonne mark.
The company building the NBN has said impressive results will see it able to tap debt markets for crucial $19.5 billion future funding.
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