Aussie bond curve joins global smackdown

For a great reflation and “boncano” it sure looks more like a great deflation! The US bond curve is getting smashed flat as Fed hikes outpace inflation expectations:

Of course we already know that the Chinese curve has fully inverted for the first time:

And the Aussie curve is under a lot of pressure now as well as the long end gets squashed:

The bad news is this represents fading growth and inflation prospects worldwide. The good news is, the MB Fund pilot forecast all of this and is long the long end of the curve that is booming!

The fund launches July 1st. We’ll be in touch with many of you a little earlier to begin signup if you’re registered. If not, sign up!

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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.