Business
‘Playing a starring role’: Why the world’s markets are keeping a close eye on the RBA – The Sydney Morning Herald
Bond traders searching for a chink in the armour of central banks are starting to look to Australia.
Widening gap
Beneath the surface, problems appear to be building Down Under too. While the RBA has its thumb on one specific bond line, there is a large gulf between the yield on this security and those maturing slightly later. Theres also a widening gap to rates on the suite of derivatives linked to three-year yields that flow through into borrowing costs for companies and consumers.
I dont think its ever wise to fight anyone that has a printing press. The RBA as a house holds all the cards. If…
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