Aussie bond rocket roars to all time highs

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Yes, it is the boom that just keeps on giving. Long Aussie bond yields closed at record highs Friday night:

The bid was mostly at the long end so the curve keeps flattening with the curve inverted right out the six year versus the cash rate:

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Spreads to the US are at widening again fast:

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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.