Aussie dollar pressured as 15 year bond hits all-time low

David Llewellyn-Smith

Friday 22 March 2019

The AUD is still under pressure this afternoon:

The bond boom knows no bounds:

With 15 year yields at all-time lows below 2% for the first time in history:

Such a poor outlook for yields has given XJO reason to resume some excitement:

Big Iron is cheering:

Big Gas is up. I’m scared for STO and ORG going into the election:

Big Gold is struggling on the SBM warning:

Big Banks are loving the yield trade again as markets force feed the RBA dust:

Big Realty is ordinary:

Inflation extinct.

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.