No brainer

Friday 11th September 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABAt a press conference overnight ECB’s Christine Lagarde said it was a ‘no brainer’ to lift rates, given the inflation pressures and a resilient economy. More is expected according to NAB’s Skye Masters, who joins Phil on this morning’s podcast. They discuss the two big moves overnight - oil prices, now well beyond $100 a barrel - and the continued rise in bond yields, with 10 year treasuries rising by 11 basis points and 30 years hitting the highest level since 2007. With no obvious driver in the day’s news flow Skye wonders whether a chunk of the moves can be put down to positioning. There will be a lot of focus on today’s moves, particularly ahead of US CPI, out tonight. Hosted on Acast. See acast.com/privacy for more information.