Monday, June 20, 2011

The market is pricing in slight rate CUTS, until March 2012

Beyond that the chance of a rate hike is small

Latest update here.

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The Lorax said...

Someone should tell Adam Carr and Chris Joye.

You really have to feel sorry for these guys, either the market is wrong (which of course is impossible) or they're wrong, and they've been wrong all year.

senexx said...

A rate cut has been my position since at least January. Even if rates were raised I still reckon they'll be cut by the end of the year.

Anonymous said...

There's been a lot of safe haven buying of our securities during the latest round of Greek one point late last week you had to slide out to about 5 years before you could earn more than the cash rate.

International investors looking for safety are buying the currency first and worrying about the yield later.

I wouldn't write off rate hikes this year just yet.


The Lorax said...

RBA minutes very dovish. Board split?

Glenn and Ric must be spewing.

Joye and Carr: Wrong again.

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