A risk off mood overnight saw moves to US Treasuries, with big falls in yields and falls in shares. Phil Dobbie asks NAB’s Tapas Strickland what’s driven sentiment overnight. They also discuss UK PM Theresa May’s promise to step aside if her Brexit deal is passed by parliament. And a more dovish than expected RBNZ drove the NZ dollar down, but what else has been hitting the Aussie dollar in this session? Plus, why its worth keeping an eye on job vacancy numbers this morning.
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Rates push ever higher as food prices soar
Although there’s volatility around, the common thread is still the rise in bond yields says NAB’s Ray Attrill. Inflation fears abound, not helped by a sharp rise in food prices last month.
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How to write an NBN cost-benefit analysis
Have you ever wondered why the government hasn’t produced as cost-benefit analysis for the NBN? Is it because, as some argue, they know it won’t stack-up? Or is it because many of the potential benefits are in the future, and can’t be valued because we don’t know what they are?
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China flares up, Putin flexes more, US Dollar pushes higher
China is locking down again, just as new loans increase. That suggests the economy will bounce back strongly, says NAB’s Tapas Strickland, if and when they stop pursuing their zero Covid policy.
