Bonds boom as coronavirus deteriorates

See the latest Australian dollar analysis here:

Macro Afternoon

The bond boom is back:

Driving equites higher as China updates us on its new plague:

  • 440 cases with 9 deaths so the 2% mortality rate continues;
  • there are lot’s of new measures to contain Wuhan and new reporting mechanisms for Chinese cities but it sure looks like it’s escaped the net to me:

It’s going to be damned near impossible to contain the virus during the holiday season.

The economic damage case is mounting.

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