Treasury yields rise sharply as reflation rolls on
A positive vibe says NAB’s Rodrigo Catril, tempered by inflation concerns and higher yields. Treasury yields are now back around pre-pandemic levels.
Day: 16 February 2021
The Government’s Irreversible Debt
There’s no point in governments expecting to return to a balanced budget. On today’s It’s the Business podcast Petronus Partners CEO @PaulJKavanagh1 says the link between taxation and spending has been severed. So, what happens now?
THE TWITTERATI
GDP in Q1 1.5% down on Q4. Hardly surprising given the lockdown. The economy is still 8.7% smaller than just before the pandemic, whereas US GDP is close to where it was, thanks to massive government spending.
BBC breakfast just said economists believe today's GDP numbers will be better than expected. So are expectations higher than expectations?