Australian bonds fell after Saturday’s election failed to produce a decisive outcome and rating agencies warned the nation’s top credit score may be at risk unless the budget deficit is reined in by the eventual winner. Investors have been left in limbo by the unclear result, with Prime Minister Malcolm Turnbull’s Liberal-National coalition and the opposition Labor party both currently short of the 76 seats needed for a majority in the 150-member House of Representatives. Vote counting resumes Tuesday, and Turnbull said the result may be known by the end of the week. The potential for a minority government may damp confidence and the new administration may struggle to push through fiscal policy measures.
