Labor-Greens already wrecking QLD economy

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    "Investors are demanding higher returns for the added risk in owning Queensland government debt in light of the weekend election win, with the new Labor government set to scrap plans to sell around $37 billion worth of assets and credit agencies ready to revise their ratings.
    The spread or the difference between the yields on 10 year Queensland state government bonds and 10 year Commonwealth government bonds has widened to 48 basis points, from 35 on Friday, as the market factors in a greater level of risk given increased uncertainty over the state's financial position.
 
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