Australian Bond Market
Publish Date : 2019/08/19 - 08:25

The New Zealand and Australian Banking Group (ANZ) analysts expressed their performance with respect to the Australian bond market.

They said: A mixed data picture emerged this week. Employment growth has been strong while private sector wage growth has been weak and the NAB Business Conditions Employment index fell.

However, this will not cause the Bank of Australia to lower interest rates again in September, as the bank is still expecting a 50% drop in interest rates already in place.

Concerns about global conditions have intensified. China's performance and credit data for July were unexpectedly weak, while Germany and the UK posted disappointing GDP figures.

Even with US data surging in its most positive since February, markets are increasingly expecting the Fed a deep easing cycle.

With domestic factors in play, the AUD bond market will underperform on rallies and outperform on sell-offs.”

Source:Fxstreet

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