Another record low for short end yields

The Australian two year bond just hit another record low yield of 1.66%, now well and truly into pricing a third rate cut:

123

 

The 5 and 10 year are both still above previous lows so we’re seeing a little curve steepening (supposedly good growth) at least for today.

The entire curve will most likely shunt lower this afternoon at 2.30pm.

Comments are hidden for Membership Subscribers only.