Bonds price two full rate cuts

Thursday 19 March 2015

The bond market rip is something to behold today with new all time lows on 2 year yields all the way down to 1.76%, pricing two full rate cuts. The five year equaled its lowest ever yield and the ten is lagging a little:

And here’s the very long term:

The curve is flattening again:

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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.