The bond bull market is back, baby!

David Llewellyn-Smith

Tuesday 4 December 2018

As noted, last night saw some dramatic action in bond markets. Both the US and Australia were heavily bid:

The US curve inverted at the short end for the first time since 2007:

By contrast the Aussie curve remains bizarrely steep, held aloft by RBA stupidity:

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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.