Markets are in a wait and see mode, says NAB’s Tapas Strickland. Al eyes are on high frequency data to give a clearer idea of the direction of travel on COVID-19 infections, as Melbourne embarks on a possible six week lockdown.
Even though bond yields have stepped back, they are still much higher than at the start of the year, says NAB’s Tapas Strickland. And lower rates for longer, the mantra of central banks everywhere, is pushing housing higher, particularly in Australia. https://t.co/BCc7dKM6BV