Australian Economy Australian interest rates

Aussie bond curve flattened as markets lose faith in RBA

David Llewellyn-Smith

Wednesday, 12 December 2018

The Aussie bond curve is interesting today as the short end sells but the long end is bid:

That has squashed the curve to its flattest since the Botox Boom began in mid-2016:

As we know, the US curve is already inverted at the short end:

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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.