Treasury yields fall further as rate cut expectations rise

It’s been a fairly quiet session, with little movement in currencies and an early rebound in equities failing to catch on. But, as Phil Dobbie discusses with NAB’s Gavin Friend, Treasury yields have continued their downward direction, indicating growing expectations for a Fed rate cut – possibly three. They also discuss the impact of yesterday’s Aussie Capex numbers, the revision to the US Q1 GDP number and China’s PMIs that are out this morning.

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