New record lows for Aussie bond yields

Monday 30 March 2015

The rampaging bull market in Australian bonds stampedes on. The 2 year yield fell to another record low last night at 1.71% (before selling a little):

The curve continues to steepen as the long end has not yet fathomed the depths of Australian stagnation:

There were no new lows for the Australia/US spreads with robust buying there as well:

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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.