Australian dollar falls as bonds boom anew

David Llewellyn-Smith

Wednesday, 10 April 2019

The AUD is down all morning following still soft consumer sentiment:

The bond boom is back with the three year already nearing breakout:

That’s given XJO a lift:

Dalian is soft:

Big miners are still strong though FMG is off:

Big Gas still hasn’t figured out Labor is coming:

Big Gold is up:

And Big Banks on the yield trade:

Big Realty is sill hanging on tough while the deeply suspicious DHG action retraces:

RBA cuts cometh.

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.