Aussie bond rocket roars to new all time highs

David Llewellyn-Smith

Thursday, 13 June 2019

The unstoppable bond rally continues with new all time lows for yields right across the curve this morning:

There is still little in the way of curve steepening and belly of the curve is actually inverting more fully:

Spreads to the US have begun to widen again as weak local data and Hong Kong combine to scare markets on Australia:

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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.