After a disastrous Wall Street, thanks to a record loss posted by AIG (-US$62billion for 1 quarter…Yikes!), and Wayne Swan’s warning about the slowing Australian economy a couple of days before the latest GDP results, Australian Government Bond Yields have dropped signficantly and the September 2009 Bond is now trading on a yield of 2.61%. …
Daily Archive: March 2, 2009
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Mar 02
RBA Cash Prediction
Its the day before the RBA announces its latest cash rate so I thought I’d come in with a late prediction. Its pretty simple really…September 09 Government Bonds are trading at a yield of 2.82% today so the market is expecting one of two rough possibilities… the Reserve Bank drops the cash rate by 50bps …
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