Interest wanes at 30 year Treasury auction
Yields pushed higher in the US after a disappointing 30 year auction. NAB’s Tapas Strickland tells us what he’ll be look out for in the latest forecasts in the RBA’S Statement of Monetary Policy today.
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Show Notes
Friday 10th November 2023
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Bond yields kicked higher in the US after a $24 billion 30 year auction attracted less interest than expected. NAB’s Tapas Strickland says the auction yields were 5 basis points higher than pre-sales. We discuss why interest in long duration bonds is falling. Markets are also preparing for words from Jerome Powell later today, following fairly dovish talk from other Fed speakers. Today the RBA releases forecasts in the Statement of Monetary Policy. So, what will Tapas be looking out for?
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