RBA’s Futureboom! goes bust as belly of Aussie yield curve inverts

David Llewellyn-Smith

Friday 21 December 2018

Yes RBA, you are behind the curve. The belly of the Aussie yield curve just inverted for the first time since 2012:

As the RBA holds up the short end but growth prospects fade swiftly:

The 2/5 belly is not more inverted than the US:

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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.