Australian Bond Yield Rise May Falter Amid Recession Risk
AMP chief economist Shane Oliver says inflation expectations and risks to the RBA’s inflation-target credibility justify recent hawkishness, but that stance increases risks for government bond traders.
Signs of rising inflation expectations and a high risk that the Reserve Bank of Australia's inflation target is losing credibility justifies the central bank's recent hawkishness, says Shane Oliver, chief economist at AMP. But for government bond traders, the hawkishness increases the risk of a rec…