Aussie bonds bid big as ASX falls further behind

Monday 30 October 2017

It’s amusing to watch if you’re allocated offshore but sad for patriots. Aussie bonds are bid up to new highs today as faith in Straya ebbs:

The divergence versus the US has never been more stark:

Dalian has released a little pressure this morning, up a bit:

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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.