New record highs for Aussie bonds

Tuesday 5 July 2016

New record highs for Aussie bonds overnight as the ten year yield sank below 1.9% for the first time and settled at 1.89% as I write:

The short end is being held up by an RBA that is years behind, so the curve was flattened and is again threatening inversion:

US yields were hammered even harder so the spread actually widened:

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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.