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AAP
AAP
Sebastian Tan

Australia in unknown waters amid rising bond yields

Investors are putting less money into long-term bonds over concerns about government debt levels. (Angela Brkic/AAP PHOTOS)

Retirees and investors splashing cash into offshore bond markets will have to keep an eye on global spending, as economists warn that a stable source of long-term income could prove costly.

Bonds are government and corporate debts that don't need to be paid until the end of a specific period.

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