NAB – The Morning Call · Bond yields fall on less taper talk; Biden ready to spend big
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Bond yields fall on less taper talk; Biden ready to spend big

Thursday 14th January 2021

An ensuing impeachment of the US President continues to be of little concern to the markets, with more focus on the words coming from central bankers. NAB’s Tapas Strickland talks about the continued fall in bond yields, as Fed speakers downplay the prospect of tapering of bond purchases later this year, aided by subdued US inflation numbers. All eyes will be on Joe Bidens stimulus plans and how much extra money he plans to pump into the economy. Meanwhile, Aussie job numbers have gone through the roof and Italy’s government is on the verge of collapse.

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