This Month
Cloudy economic outlook causes chaos in safe haven bonds
Ten-year US Treasury yields breached 5 per cent again before crashing, as investors reposition bets amid a muddied economic picture.
- Cecile Lefort
- Opinion
- Interest rates
The Fed pivot that turbulent Treasuries need
At a minimum, US policymakers need to shift from backward-looking data to combining data dependency with a clearly articulated economic vision.
- Mohamed El-Erian
- Opinion
- Israeli-Palestinian conflict
Why the Middle East risks exploding
Anthony Albanese arrives in Washington as the Middle East crisis threatens to destabilise the entire region with unpredictable consequences.
- Jennifer Hewett
Bank of America pushes US rate rise to December
Hedging their call for another interest rate increase, economists at the bank said they see “meaningful risks that the Fed” could be done altogether.
- Timothy Moore
Treasury yields decline after 10-year fails again at 5pc
After being spurred to the highest levels since at least 2007 this week, most US government bond yields were lower.
- Elizabeth Stanton and Ye Xie
Oil, bond yields soar on Middle East turmoil and rates anguish
Oil prices inched closer to $US100 on fears of supply disruption and the US 10-year bond yield broke 5 per cent on the belief that rates will stay high.
- Cecile Lefort
‘Inflation is still too high’: Federal Reserve chairman
Jerome Powell said the “resilience” of both economic growth and the labour market “could warrant further tightening of monetary policy”.
- Updated
- Matthew Cranston
- Opinion
- Bonds
Powell says three factors are behind the bond yield spike
US Federal Reserve chief Jerome Powell explains why longer-term bond yields are rising, including views of a resilient economy and fiscal deficit concerns.
- Matthew Cranston
US retail sales top forecasts in sign of durable consumer demand
The value of retail purchases, unadjusted for inflation, increased 0.7 per cent after an upwardly revised 0.8 per cent gain in August.
- Augusta Saraiva
Bitcoin’s ‘moral imperative’ to replace fiat currencies
Bitcoin can fulfil a dual role as both a store of value and money to buy goods and services, The Australian Financial Review’s Crypto Summit heard.
- Tom Richardson
How this hedge fund pulled off 2023’s ‘big short’
Ravi Chopra’s Azora Capital successfully shorted all four of the US banks that failed in March and sent financial markets reeling.
- Joshua Peach
- Opinion
- Interest rates
It’s only a matter of time before the cracks appear
Rising geopolitical tensions are helping to stoke inflationary pressures, ensuring more households and businesses will crumble under the strain of higher borrowing costs.
- Karen Maley
Wild bond market moves show loss of anchors
The rout in the US government bond market can be attributed to the absence of all of its anchors, according to Mohamed El-Erian.
- Isabelle Lee and Jonathan Ferro
Hot US inflation hits $A, lifting chance of RBA rate rise
The Aussie is trading near an 11-month low after US consumer prices rose more than expected overnight, strengthening the case of high rates for longer.
- Cecile Lefort
US consumer prices rise at brisk pace for second straight month
The core consumer price index, which excludes food and energy, increased 0.3pc in September – another reminder that the path to 2pc inflation will be choppy.
- Matthew Cranston
Fed policymakers say risks becoming more ‘two-sided’
The minutes show officials moving closer to a symmetric policy outlook, where the risk of overtightening and recession is weighed against prolonging inflation above 2 per cent.
- Craig Torres
US producer prices rise more than forecast on petrol, food
The producer price index for final demand for September advanced 0.5 per cent from a month earlier, marking the third-straight increase.
- Augusta Saraiva
Treasuries’ best day since March driven by signs Fed may be done
Investors are starting to bet that the worst ever rout in the US bond market might be coming to an end.
- Ruth Carson and Garfield Reynolds
- Opinion
- Interest rates
Higher allocation to government bonds ‘still compelling’
Central banks and markets are facing off over bond yields, but policymakers are clearly signalling a peak in interest rates.
- Scott Haslem
Fed official says rising yields may mean less need for higher rates
Federal Reserve policymakers are trying to decide whether they need to lift the benchmark federal funds rate again this year.
- Steve Matthews and Katanga Johnson
