US bond appetite eases, consumer confidence lifts
Tuesday 28th May 2024
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There were two bond auctions in the US overnight \u2013 for 2 year and 5 year treasuries. Both saw weaker demand than expected. Phil asks NAB\u2019s Ken Crompton if investors are weary of the size of bond supply this year. Meanwhile US consumer confidence rose more than expected. Yesterday we saw weaker retail numbers than expected, but part of that can be explained away by the timing of Easter. Today there's the CPI number for Australia, although it\u2019s not expected to influence the RBA\u2019s sense of timing.
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