Bonds, Aussie bonds!

Friday, 24 June 2016

Flogged. That’s what they are. In all of the Bremain excitement, Aussie bonds are busy pricing in rate hikes with the short end yield rocketing to 1.8% this morning:

So the Poms staying the euro will inject Australian inflation? Even as the dollar rockets too? Yeh!

Nah…the trend down in yields is fully intact:

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.