Aussie bond boom hits all new highs

Wednesday 20 March 2019

Go you good thing. All new highs in the tearaway Aussie bond boom overnight:

The curve has still failed to steepen at all. The short end inverted the most since the GFC with the three year below the cash rate:

Spreads to the US hit all-new wides for the cycle:

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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.