Aussie bond yields begin to break down

Tuesday, 3 July 2018

The RBA has engaged Futureboom! But engineering is on the horn declaring “she can’t take it Cap’n!” Aussie bond yields are breaking down at the long end as the bid grows:

The slope is flattening:

And the spread to US hit new wides overnight with the 2 year at -60bps:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.