CH: Dislocations continue!
Australian benchmark bond yields fell to an all-time low as bonds trounce stocks around the world.
The Australian 10-year note’s yield fell as far as 2.20 percent, a record based on data compiled by Bloomberg going back to 1969. Bonds are rallying after the Reserve Bank of Australia cut its interest rate to an unprecedented 1.75 percent and reduced its inflation forecast earlier this month.