Local bond yields have continued to rise from their late August low, the RBA may be sticking to its guns to hold the cash rate at 0.1% through until 2024 but markets are voting on rate hikes moving forward with the only point of debate being when, not if. Across the Tasman the RBNZ is expected to start tightening (raising) interest rates this week as it looks poised to lead most of the worlds central banks in readjusting policy with a move up from 0.25% to 0.5%, this already feels way above our own 0.1%!
MM remains bullish bond yields from current levels into 2022
