Australian interest rates Australian Shares

Bond volatility explodes

Wednesday 8 March 2023

We are entering the end game now. Following Jay Powell’s explosive testimony last night, bond volatility has erupted with Treasuries at the short-end murdered:

Australia did much better after the RBA pivot:

But it was the curves that saw the action. Australian were relatively stable with inversion out to the 1-7:

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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.