Bond yields keep rising, as positive economic data shows how much work has to be done by central banks. That’s why NAB’s Ken Crompton says softer jobs data tonight could see yields fall more than the response to a stronger set of numbers.
It’s autocracy versus democracy says Nancy Pelosi as she touches down in Taiwan. Markets were concerned, but Fed speakers have had more impact on markets, with NAB’s Tapas Strickland saying bond yields have unwound the falls that followed last week’s FOMC.
Telstra shareholders’ acceptance of the NBN deal drags them kicking and screaming into the 21st century.