Oct 07

Australian Government Bond Yield Curve…not much change

I don’t really have too much to say on this as nothing has really changed too significantly…the market is expecting interest rate cuts with an economy influenced by overseas events. The uncertainty in markets remains huge and its difficult to feel bullish on sharemarkets or the global economy and the downside risks clearly remain as nothing is resolved. Whilst we’ve had a couple of very big up days in the sharemarket there’s little strong evidence at this point in time to support its continuation (valuation doesn’t quite cut it) so I’m sure there’ll be some sharp down days soon. Volatility to continue and look out for bad Chinese data.

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