Low US inflation numbers was the story of the day, says NAB’s Gavin Friend, helping bond yields retreat and helping cyclical stocks rise. Aussie yields were down more because of the very dovish stance taken by the RBA’s Philip Lowe yesterday.
This morning @PaulKavanagh1 and I try to explain how bond yields work and why they’ve driven central banks into buying more and more of them. Plus, that @piersmorgan exit.
It seems @apple is not always quic to update the NAB Morning Call podcast. I fyou are on @SpotifyAU go there - it;s quicker: https://open.spotify.com/show/3MjUGlfozyxNDXdtMlfdxp
To what extent will a more hawkish Fed see the RBA pushing further this year. JBWere’s Sally Auld speculates on today’s Morning Call. https://shows.acast.com/morningcall/episodes/will-the-rba-join-the-push-to-go-higher
