How’s that bondcano treatin’ ya?

Thursday 9 March 2017

With US yields breaking higher overnight let’s check on the “bondcano”. A few tremors right now but still no Krakatoa:

The US curve is still flattening which is not very bullish for any sustained growth outlook. Says Trump boom and bust to me:

Local yields are being dragged up at the long end and have broken out though the short end is still anchored by a dovish RBA:

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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.