Australian Bonds Rally Extends to Largest Weekly Gain in a Decade

Australian bond prices continued to rally Friday as yields continued to fall, following the path of US Treasuries. Weak economic data from Europe to the US added has added to growing recessionary fears. US Federal Reserve Chair Powell and US President Biden have both been talking recession rattling investors. Yields on the more rate-sensitive three-year benchmark have fallen as much as 46 basis points this week and are headed for the biggest weekly drop since August 2011. The yield on … Continue reading “Australian Bonds Rally Extends to Largest Weekly Gain in a Decade”