Aussie bond boom returns

David Llewellyn-Smith

Monday 7 October 2019

It’s bid-o-rama for the bond rocket again today with yields at record lows across the curve:

There has been virtually no curve steepening to speak of with inversion now out past the seven year:

The spread to US has bottomed, I reckon, though I can’t see any great compression ahead:

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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.