Australian dollar hammered into 0.68s as bond boom goes nuclear

David Llewellyn-Smith

Thursday 16 May 2019

The Aussie dollar crashed into the 0.68s on the weak jobs numbers:

The bond boom is now in uncharted territory:

The slope steepened as two rate cuts are priced at the short end:

XJO yawned:

Ironically, Dalian is flying:

Big Iron is trying:

So is Big Gas:

The Big Gold AUD play is back:

Big Banks are up a little on the steepening curve but going ex-div:

Big Realty is firm on coming rate cuts. MEA is going out of business:

‘Ware the Lunatic RBA!

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.