SYDNEY, May 30 (Reuters) - Australia sees sustained demand for a planned new 30-year bond benchmark next year or the following year, but is unlikely to extend the yield curve in the foreseeable future, the government's funding arm said on Tuesday.
"We see little scope for or benefit from extending the yield curve further," said Robert Nicholl, chief executive of the Australian Office of Financial Management (AOFM), referring to a number of countries that have recently sold 50-year and 70-year bonds.
Nicholl said deteriorating global stability is unlikely to have a big impact on investor appetites for Australia's debt.