Yields Bondanza
The rise in yields today, to multi year highs, is less to do with central banks and more to do with oil, says NAB’s Ray Attrill, as unrest grows in the Middle East.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Thursday 19th October 2023
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Bond yields reached new multi-year highs overnight, with sharp rises on 10 years in the US and the UK. NAB’s Ray Attrill says, this time, it isn’t further central bank speculation driving yields higher, it’s the rising tensions in the Middle Easta and concerns about oil prices. Nonetheless, yields might be influenced by the much-anticipated Jerome Powell talk in the early hours of tomorrow morning. The RBA’s Michelle Bullock had a fireside chat yesterday – we give the lowdown on that and what to expect in Australia’s labour market numbers today.
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