Australian bond yields have gone quiet in November after roaring higher through September and October. MM anticipates further consolidation before another look on the upside i.e. with the trend. However we feel that equities have largely accepted that interest rates are going higher and while there’s a little concern evident in the longer dated bonds that such rate hikes may derail economic expansion global stocks are continuing to give central banks the benefit of the doubt.
MM is mildly bullish Australian bond yields from current levels through 2022/3
