Aussie long bond yield breaks out

David Llewellyn-Smith

Wednesday, 9 November 2016

So far his morning the long end is selling pretty hard and the yield has broken to its highest since May:

Surprisingly, the driver is not the bulk bubble but US yields, which are up even more:

Thus the spread is still easing:

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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.