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New record low yields across the Australia bond curve this afternoon as the world runs for cover:
The ten year especially is screaming higher and is on the verge of tumbling below 2% for the fist time ever:
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While Brexit fears are central, so too is the concern over an impotent Fed and a deflationary tsunami.
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.
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