Australian budget Australian interest rates

Bonds howl RBA too tight for households

Tuesday, 30 January 2024

Bonds are back this morning as the US Treasury delivers good news on supply:

As a reminder, in our preview last night we showed that Deutsche Bank – which was indicative of the overall street – was expecting $797BN in Q1 borrowing, followed by $472BN in total Q2 borrowings.

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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.