Australian interest rates Featured Article

Aussie bonds break out

Friday 8 March 2019

The Aussie bond market is breaking out. The short end hit the lowest yield in two years and the long end is plunging towards the 2016 record low:

The slope is still very worrying for growth, strongly suggesting the RBA is behind the curve:

The spread to US yields fell overnight but the trend is rock solid wider:

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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.