PHIL’S AUDIO SHOWREEL
Very positive economic data out of the US and yet investors have been buying into bonds. Not the response you’d expect. NAB’s Ray Attrill has several reasons driving the behaviour. So what will be the response to more positive numbers,, this time out of China (including Q1 GDP) later today?
The strength in the Aussie, weakening of the US dollar and a rise in bond yields are all part of the reflation trade, back in earnest, says NAB’s David de Garis on today’s Morning Call podcast.