Yields Bondanza
Thursday 19th October 2023
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Bond yields reached new multi-year highs overnight, with sharp rises on 10 years in the US and the UK. NAB\u2019s Ray Attrill says, this time, it isn\u2019t further central bank speculation driving yields higher, it\u2019s the rising tensions in the Middle Easta and concerns about oil prices. Nonetheless, yields might be influenced by the much-anticipated Jerome Powell talk in the early hours of tomorrow morning. The RBA\u2019s Michelle Bullock had a fireside chat yesterday \u2013 we give the lowdown on that and what to expect in Australia\u2019s labour market numbers today.
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