Month: February 2021

Bond yields switch direction as volatility continues

NAB’s Rodrigo Catril says the volatility in bond markets shows that whilst we want to see signs of an economic recovery, we don’t want to see too many upside surprises. He explains why in today’s Morning call podcast.

A big bond sell-off.

A big sell off in bonds globally. It’s the pace of the moves in yields that’s grabbing attention, says NAB’s Gavin Friend, which is also putting downward pressure on stocks and helped push the Aussie dollar over 80 us cents for a while.

The return of the holidaymaker

Today, Tom Buncle talks to me about the types of travellers tourism operators should be focusing on later this year. Plus the Bank of England Governor speaks out against the EU’s attempts grab all Euro clearing.

The battle to be king of the doves

Jerome Powell pushed hard against inflation fears in his second day of testimonies in the US parliament overnight. NAB’s David de Garis says that’s helped equities and commodities show rises today, which has, in turn, helped the Aussie dollar rise closer to 80 cents.

Innovation, pricing and policy are key to a greener future

Tackling climate change with
Nick Butler and Steve Keen, plus Elon Musk loses the short-lived richest man title and Michael Bolton sings about trading platforms!

Will the RBA play catch up?

The RBA might make up for the shortfall in RBA’s bond buying at the start of the week, says NAB’s Tapas Strickland on today’s Morning Call podcast. Powell says the US rise in yields was to do with strength of the recovery rather than inflation concerns.

Economies are too scarred to bounce back quickly

Government’s are overly optimistic at the speed of an economic bounce back, says @profstevekeen, because they are ignoring the impact of profoundly high levels of debt.

The long road to freedom; plus the upshot from the Uber case

Lockdowns, Scotch egg, more on Facebook, inflation worries, and
CIP’s Ben Willmott on the Uber driver ruling. That’s more than enough for one show.

Bond yields go crazy, Aussie dollar hits another multi-year high

Markets were disappointed by the RBA response to rising bond yields yesterday, says NAB’s Rodrigo Catril, creating a dramatic move up in yields. The Aussie also hit another multi-year high driven by rising commodity prices as reflation gather momentum.

Lockdowns set to ease, house prices set to rise

Monday 22nd February 2021

Unless you’ve been hiding in a bunker (as many of us have) you’ll be aware that Boris Johnson will be announcing the schedule for the easing of lockdown measures today. Phil Dobbie says most papers this morning already have it planned out, as the UK’s vaccine rollout programme continues at pace and ahead of schedule. He explains why Israel will be an interesting test case in the next few weeks – they have rolled out vaccines quickly too, but also opened up shops and schools immediately afterwards. Have they moved too soon? But there’s one western democracy where vaccines aren’t entirely welcome. Listen in for more. You’ll also hear property expert Russell Quirk’s views on house prices. He says they are going to rise this year, even though many other experts are forecasting a downturn. With interest rate slower for longer, and the potential for inflation when the economy eventually bounces back, isn’t increased housing demand inevitable?

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