New record highs for Aussie bonds on global boom

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The Australian bond market hit new record highs across the curve Friday before retracing a little to end at Brexit shock lows. The two year ended at 1.57%, the five year 1.65% and the ten year at a new closing low of 1.98%:

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US yields are at their Brexit lows:

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German yields are below their Brexit lows:

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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.
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