Australian Economy Australian interest rates

Bonds price Jim Chalmers’ stagflationary disaster

David Llewellyn-Smith

Thursday 5 September 2024

The worst Treasurer in modern Australian history is being condemned by the bond market.

While global yields are ripping lower, local yields are stuck on a high plateau:

Spreads to the US are threatening breakout:

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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.