US yields push higher, BoJ steps in, RBA to stand firm

Tuesday 3rd October 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS bond yields have pushed higher this morning on the weekend’s news that a shutdown of US government has been pushed back, but the same yawning chasm exists between both parties. Yields have also risen on the latest Manufacturing ISM, which came in stronger than expected. NAB’s Skye Masters says we are seeing a strong response to any data, as markets look for clues about when rates will be lifted, and how long before they start moving down. Another case in point is today’s rise in UK Gilt yields, as the BoE’s Catherine Mann suggests inflation might be more persistent than their own forecasts. Today Michelle Bullock chairs her first RBA meeting, but there is a low expectation that rates will rise – not yet anyway. Hosted on Acast. See acast.com/privacy for more information.