The analysts at Australia and New Zealand Banking Group (ANZ) offer their take on the Australian bond market performance.
“A mixed data picture emerged this week. Employment growth was strong while private sector wage growth disappointed and the NAB Business Conditions Employment index fell.
Concerns about the global backdrop have escalated. China’s activity and credit data for July was surprisingly weak, while Germany and the UK posted disappointing GDP figures.
Even with the US data surprises at their most positive since February, markets increasingly expect a deep easing cycle from the Fed.
With domestic factors in play, the AUD bond market will underperform on rallies and outperform on sell-offs.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.