“Bondcano” fizzles with oil

David Llewellyn-Smith

Monday, 28 May 2018

AUD is up a little through the morning with EUR on hope of new Italian elections:

Bonds are bid bigly with the two year back below 2%. One wonders if peak yields are in for Australia:

XJO is down again and the double top is still in play:

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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.