Australian government bonds are considered as being less risky and pay relatively low interest rates because:

Name: Australian government bonds are considered as being less risky and pay relatively low interest rates because:
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Australian government bonds are considered a very safe credit risk because the Australian government has a strong credit rating and reputation for responsible fiscal management, making default less likely. The low interest rates reflect the lower risk for investors.

Australian Government Bonds Are Considered as Being Less Risky and Pay