Aussie bond yields break out

Wednesday, 21 December 2016

It ain’t just China! Aussie bond yields are hitting new highs today as well as the back-up marches hand in hand with falling commodity prices. A full rate hike priced now:

The curve is flattening again though:

But we’re now outstripping US bonds:

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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.