Australian bond yields crater to record lows

Sunday 5 June 2016

With the US job shocker over the weekend, the near breakdown of Aussie bond yields noted Friday has delivered big as the long end of the curve collapses to all time lows. US yields were pounded across the curve:

Aussie yields followed them straight down with the five and ten years both at all time lows of 1.69% and 2.16%:

Yet that could not keep pace with the US buying and the spreads jumped:

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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.