September 25, 2020
The US share market indices rose in a volatile session overnight.
10-year Commonwealth bond yields fell. Yields on Commonwealth bonds maturing in 2023 also declined, to be well below 0.25%. The Australian dollar continued to depreciate.
The probability of an RBA rate cut in early October implied from futures remains high.PDF Download PDF
September 24, 2020
US equity market correction resumed overnight, as the rise in COVID-19 cases starts to translate into weaker economic data in the advanced economies.
The Australian dollar depreciated and Australian Commonwealth bond yields fell amid speculation on interest rate cuts in October.PDF Download PDF
September 23, 2020
US and European share markets bounced back overnight, though the rebound in Europe was uneven with French and Spanish stock prices down.
The Australian dollar depreciated in reaction to Guy Debelle’s comments on interest rate cuts. Yields on Commonwealth bonds maturing in 2023 continued to fall.PDF Download PDF
September 22, 2020
Equity market correction continued overnight.
Long-term government bond yields fell across the advanced economies, including Australia. 3-year Australian Commonwealth bond yields continued to fall, and remain below 0.25%.
The US dollar continued to appreciate, pushing the AUD/USD lower.PDF Download PDF
September 21, 2020
US share market indices continued to fall on Friday, as the pandemic reaccelerated across the advanced economies.
The decline in US stock prices was led by tech stocks amid tensions over the shutdown of Chinese apps.
Government bond yields are little changed. The Australian dollar depreciated against the greenback, euro and yen.PDF Download PDF
September 18, 2020
US stock markets fell overnight after a choppy session.
The Aussie gained overnight against a weaker greenback, though it is slightly lower versus the euro.
10-year Commonwealth bond yields fell somewhat and 3-year yields were stable, slightly below 0.25%.PDF Download PDF