Bond yields have reversed direction and so has everything else. NAB’s Ray Attrill says the auction of bond yields in the US tonight will be a test of value. Meanwhile all eyes will be on Philip Lowe for hints on the next moves from the RBA.
The rail industry has been haemorrhaging money. The expectation is we’ll never go back to the full-time commute. Today I ask rail expert Sir Michael Holden whether the government or the industry has a plan for what happens next. Plus, China dips into its own share market. The Bank of England starts to recognise the inflation threat and is Italy at the start of another wave of COVID-19?
10.1 percent inflation in the UK. Even worse than expected. This can't be fixed by monetary policy. Bad time to have a zombie government.
