It’s all going south Downunder now. As the reality of COVID apartheid and crashing commodity prices dawns on markets, everything is on the move. Bonds are bid and yields breaking down:
The curve is being slain. It’s far too steep still:
Advertisement
Spreads to the US are widening slowly:
Driving the AUD down:
ASX is toppy:
Advertisement
As big miners are slaughtered:
Banks aren’t looking too good, either:
The Berejiklian recession is at hand.
Advertisement