Bonds BTFD?

Tuesday 15 October 2019

Post trade non-deal, Aussie bonds have sold off with the move in the US especially violent, though Australia has followed:

The Aussie curve has steepened:

And, giving us read of just how locally based Aussie weakness is, spreads to the US have widened:

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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.