Malcolm Turnbull (Wentworth, Liberal Party, Leader of the Opposition) Share this | Hansard source

My question is to the Prime Minister. I refer him to the answer he just gave, and the answer the Treasurer gave a moment ago to the question from the member for North Sydney. I also refer the Prime Minister to the rapid rise in long-term interest rates in global financial markets over recent months. Is it correct that this increase is due to investor concerns over the massive and unprecedented borrowing by governments around the world, including his own? Or does the Prime Minister contend there is some other explanation, as his Treasurer does, for the global rise in long-term interest rates? If so, would he tell the House what it is?

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