div class=trans-pagebuttonPage 1button div class=trans-image amp-img class=trans-thumb alt=Page 1: C K AC€¦ · Our understanding is that 75% of Australian bonds are held overseas UBS and these investors are driving yields lower We also believe that global bonds are just src=https:reader035fdocumentsinreader035viewer20220709225fba48703070b8115c625452html5thumbnails1jpg width=142 height=106 layout=responsive amp-img divdivdiv class=trans-pagebuttonPage 2button div class=trans-image amp-img class=trans-thumb alt=Page 2: C K AC€¦ · Our understanding is that 75% of Australian bonds are held overseas UBS and these investors are driving yields lower We also believe that global bonds are just src=https:reader035fdocumentsinreader035viewer20220709225fba48703070b8115c625452html5thumbnails2jpg width=142 height=106 layout=responsive amp-img divdivdiv class=trans-pagebuttonPage 3button div class=trans-image amp-img class=trans-thumb alt=Page 3: C K AC€¦ · Our understanding is that 75% of Australian bonds are held overseas UBS and these investors are driving yields lower We also believe that global bonds are just src=https:reader035fdocumentsinreader035viewer20220709225fba48703070b8115c625452html5thumbnails3jpg width=142 height=106 layout=responsive amp-img divdivdiv class=trans-pagebuttonPage 4button div class=trans-image amp-img class=trans-thumb alt=Page 4: C K AC€¦ · Our understanding is that 75% of Australian bonds are held overseas UBS and these investors are driving yields lower We also believe that global bonds are just src=https:reader035fdocumentsinreader035viewer20220709225fba48703070b8115c625452html5thumbnails4jpg width=142 height=106 layout=responsive amp-img divdiv