RBA stupid distorts bond pricing

AUD is down today as Aussie data weighs:

Aussie bonds are getting flogged. The short end is again pricing the better part of three rate hikes over two years. This while housing finance is crashing indicating that the future of the economy is dramatic slowing. RBA stupid has distorted bond pricing.

XJO is down modestly:

Big Iron is soft:

Big Gas weak:

Big Gold mixed:

Big Banks struggling to go higher:

Big Realty basking in the REA glow:

Avagoodweekend.

 

Comments

    • All those who believe in renewables, put your money where your mouth is and start funding these projects. Only hypocrites and frauds stand up and demand that ‘other people’ fund their vision.

      All those who believe that renewables are economically viable today (sans taxpayer slush), this is your moment. Put up or shut up.

    • Hang on … mortgage affordability function of household incomes,debt levels and loan interest rates. RBA apparently still concerned re household income and debt, I would agree. I dont understand who is enjoying this growth though, certainly not retailers.

      • Retailers are sucking wind right now. The retail footprint in this country is on the verge of a large down-scaling

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