The incy bincy BONDCANO!

Wednesday 22 March 2017

Just a quick note in passing, as global and local bond yields plunge today, for those enamored of global reflation, passing secular stagnation and the BONCANO! In the US:

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And even more so in Australia:

The so-called BONCANO is barely perceptible.

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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.