After several weeks of curve steepening, the Australian bond curve is once again flattening, broadly thought to be indicative of weakening growth. Short and long yields have been rising but the short end more so as doubts grow around a May rate cut: The to 2/5 year slope is now just 11bps, only 2 points from
The post Australian bonds are cheap appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]