Aussie bonds scream to all time highs as RBA goes all in

Friday, 26 July 2019

The long end of the bond curve is roaring to record highs today:

As the RBA begins to tilt towards unconventional policy, with its new use of forward guidance for low rates for a very long time, the long end of the curve is afire and the curve flattening fast:

Spreads to the US at the long have cratered too:

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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.