Bond yields start the week near 17-year highs after a sustained global selloff, but that looks to be ending, says ANZ’s Group Chief Economist Richard Yetsenga.
In our bonus deep-dive interview, ANZ Australia Economist Maddy Dunk picks out the strongest and weakest of the state economies, including a few surprises.
5 things to know
Treasury yields rose 10-15 basis points to 16-year highs last week, extending a global selloff on signs central banks will keep rates high for longer. But ANZ’s Group Chief Economist Richard Yetsenga sees sentiment set to turn.
There are fresh signs Asia’s economies are turning upwards, including in ANZ’s new luxury brands index.
The Bank of Thailand is more likely to hike pre-emptively on Wednesday than hold, ANZ’s Head of Asia Research Khoon Goh writes in a preview.
India’s Government bonds were welcomed into a key JP Morgan index over the weekend. It is tracked by managers with US$300b in assets.
The Bank of Japan left monetary policy on hold, pushing the yen down through 148. Markets are wary of potential intervention if 150 is threatened.
Cheers Bernard
PS: Have a great day and look out for a deep dive interview into India’s inclusion in JP Morgan bond index.
