Aussie bond yields again push to record lows

Friday 29 July 2016

Aussie bond yields fell to new closing lows across the curve last night and are sitting right on all-time lows this morning:

Another rate cut is now fully priced yet the curve is still very obviously flattening, screaming that the RBA is falling further behind:

As is the US:

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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.