Australian banks Australian interest rates

Australian bank funding costs still on the boil

Friday, 2 October 2015

I was expecting the Glenron relief rally to provide some upside for terrorised commodity bond markets but so far that has not played out.

We have seen a better bid in government bonds as risk aversion rises, both in the US and Australia:

And the local curve has flattened as growth prospects dim:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.