Aussie bonds declare inflation extinct

David Llewellyn-Smith

Thursday 15 August 2019

All new highs for long end Aussie bonds again today:

The very long end has cratered to near inversion with cash with the 15 year just 2bps away:

This is screaming recession at Australia and declaring the extinction of inflation.

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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.