Aussie bond rocket chars lost RBA

Tuesday, 14 May 2019

The bull market of the year keeps on giving with the long end of the curve on fire again and new all-time lows for yields:

The curve is flattening as the lunatic RBA falls back far behind reality:

Spreads to the US have actually tightened a little thanks the Martin Place asylum:

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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.