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.