Recession! Aussie yield curve crashes negative

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Just so you know, the Aussie yield curve is now free-falling negative in a classic recession signal:

Catching down to the US:

After today’s jobs numbers, markets are moving to price another hike and its fallout.

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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.