INVESTORS hardly blinked as the federal budget was handed down, interest rate increases.
Australian 10-year bond futures, traded on the Sydney Futures Exchange, were one of the best indicators of investors' interest rate expectations. Before the budget announcement, yields stood at 5.
865 per cent. They increased to 5.875 per cent by 7.
35pm, showing inflation, and therefore interest rates.
But by 8.35pm, they had gone down to 5.
855 per cent.
night.
"budget with a fat tail" spread out spending for several years, rate at or near 6.
25 per cent.
education sector.
"For the markets, the really big issue is the HEEF and the way it's going to work with the Future Fund," Mr Halmarick said.
annually, as the Government had predicted in the budget.
"The issue for us now is, are we pushing the envelope too far in an economy that's already fully employed," he said. "The proof is next election.
"
He's a bona fide Hollywood star, and Steven Spielberg and Brad Pitt are among his fans, but what Eric Bana treasures most is his life as a suburban dad.
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