Australian Dollar Australian interest rates Australian Shares

RBA stupid distorts bond pricing

Friday, 9 November 2018

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.

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.