Australian Dollar Australian interest rates

Dollar roars, bonds crash with ABS credibility

David Llewellyn-Smith

Thursday, 10 December 2015

ABS ineptitude has just handed Australia a big problem. Bond yields have broken out:

And the dollar shot to the moon:

As if we needed this now. Hopefully markets will have the sense to fade it. As for you, ABS, for heaven’s sake sort it out.

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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.