US bond appetite eases, consumer confidence lifts
Bond markets respond to weak auction demand n the US, whilst in Australia the focus is on CPI today after yesterday’s weaker than expected retail numbers.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 28th May 2024
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There were two bond auctions in the US overnight – for 2 year and 5 year treasuries. Both saw weaker demand than expected. Phil asks NAB’s Ken Crompton if investors are weary of the size of bond supply this year. Meanwhile US consumer confidence rose more than expected. Yesterday we saw weaker retail numbers than expected, but part of that can be explained away by the timing of Easter. Today there's the CPI number for Australia, although it’s not expected to influence the RBA’s sense of timing.
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