More record lows for bond yields

Wednesday, 3 April 2019

After a weak stimulus Budget the short end of the Australian curve has been bought bigly with the three year yield sinking to all-time lows:

Other durations are also bid:

But here has been a little steepening of the curve post-China data:

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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.