Yields fall with Aussie jobs slide
Yields fell on weak Aussie employment numbers, but NAB's Gavin Friend says it was also a response to the Fed yesterday.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 12th December 2025
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Australian government bond yields have been surging to multi year highs as speculation mounts about a rate rise early in the new year. But yields fell a little yesterday and overnight after weaker jobs numbers. NAB’s Gavin Friend says yields have fallen more widely as a response to the FOMC meeting yesterday, with questions about whether we will only see one cut next year. The US trade deficit fell again - is this a sign President Trump’s policies are working? At zero percent, the Swiss Bank decided they can’t go any lower. And UK GDP is out today - will it be as gloomy as an English winter’s day?
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