Australian interest rates Featured Article

Markets price more rate cuts

David Llewellyn-Smith

Tuesday, 30 May 2017

More new highs today in Aussie bonds, this time at the long end:

And interest rate futures have sunk to new lows in pricing more rate cuts, via Bloomie:

Yields on both are still far too high for what’s coming but it’s probably true that we’ll need to see good downwards momentum in house prices before the RBA cuts again.

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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.