NAB – The Morning Call · How much stimulus it too much?
0

How much stimulus is too much?

Tuesday 12th January 2020

Bond yields continue to rise In the US as markets prepare for an expected multi-trillion dollar stimulus package from the President-elect. We’ve seen bond yields hit new highs, as equities start to fall.  Phil Dobbie asks NAB’s Gavin Friend whether political uncertainty is behind any of these moves, including a fall in equities, admittedly from record highs on Friday. Meanwhile, Aussie retail sales looked strong yesterday, although the US dollar-strength saw the Aussie dollar lose ground. Could tensions with China also be playing into that weakness? Maybe the issue will go away when Donald Trump leaves the White House.

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to top