Australian Economy Australian interest rates

Recession warning as Australian yield curve inverts

David Llewellyn-Smith

Tuesday 6 June 2023

Aussie yields have broken out at the short end as Alboflation rocks the bond market:

Long-end yields are moving more slowly so the 2-10 yield curve has actually inverted:

We have some catching down to with the US but catching down is what we are doing:

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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.