Australian Investment Blog

After writing my report on Saturday and mentioning that interest rates were leading local equities I thought the obvious next step was to look more closely at the position of Australian bonds. I spent nearly 3 years trading just the 3 and 10-year bonds in the early 90’s, to put food on the table, as I embarked on my “Trading Career” in a small office at McMahons Point, Sydney. One of the factors I liked very much about trading both the Australian, and overseas, bond markets was they often yielded excellent risk / reward trading opportunities. After looking at a number of our bond markets this morning my opinion of the stock markets current position has clarified slightly.