Shares boosted by bonds and private equity flows.

Australasian Business Intelligence,  April, 2007  

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Byline: Philip Baker

Apr 01, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Uncertainty about the US economy failed to stop the Australian stock market rising in the March 2007 quarter. This is partly because apprehension about the US sub-prime mortgage market did not affect other asset classes, especially the corporate bond market. Credit spreads remained steady over the March 2007 quarter, which suggests that private equity groups can still finance their aggressive takeovers via the capital markets. Such takeovers are sustaining the stock market as well as prompting ...

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