RBA stupid distorts bond pricing

See the latest Australian dollar analysis here:

Macro Afternoon

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:



Latest posts by David Llewellyn-Smith (see all)


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