Aussie bonds explode as RBA emergency rates to get emergencier

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Wohohoho! Record low yields everywhere as RBA rate cuts are now inevitable:

Short end rates have inverted more deeply but the long has steepened:

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Yield spreads to the US are forging back in time:

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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.