Yawn! This making money business is getting boring. More record highs at the long end of the Aussie bond curve:
The curve continues to flatten and warn of elevated recession risks. The 15 year is only 5bps from inversion:
But the long end is being dragged down by a rampant US bond market so the spreads have flattened out:
MOAR work for the RBA to do. Much MOAR.
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.
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