Friday 9th September 2022
Even though a big hike from the Fed is widely anticipated, bond yields continue to move higher as Jerome Powell and other speakers talk it up. The moves were even bigger in Europe where an expected 75 basis point hike saw a sharp rise up in 2 year Bund yields. NAB’s David de Garis says markets expect that, at some point soon, central banks will start pulling back and they are looking for that inflection point. Today there was no sign of that happening anytime soon on either side of the Atlantic. But the RBA’s Jerome Powell was sounding far more dovish. The new UK PM outlined her plans to subsidise energy, which will involve a massive amount of government spending. Sadly, the news was overshadowed by the passing of Her Royal Highness. Irrespective of your views on the monarchy, most people acknowledge Elizabeth II was a warmly regarded, hard working Queen who will be sadly missed.
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NBN in Willunga: the low-down
We talk about the NBN with those who are in the know – people who are actually using services over the network.
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The race to splash the cash
Expect more movement on the US fiscal stimulus, says NAB’s David de Garis, and an Australia deficit of $180 billion from Josh Frydenberg today.
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Is the USO an expensive irrelevance?
Is the Universal Services Obligation still needed when the NBN is charged with supplying high speed internet access to every home in Australia.
