More record highs for outrageous bond rocket

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She’s can’t take it cap,n! 15 year bond at new record highs today and rapidly headed for cash rate inversion:

The 10 year is already there of course. The yield curve is crashing again:

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But Treasuries are now even more bid, so the spread has lifted:

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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.