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The COVID-19 outbreak in Sydney is testing bond market expectations that the Reserve Bank will extend its yield curve control to the November 2024 bond at its meeting next week. A decision not to extend the target would pave the way for rate hikes as soon as late 2022.
The article is a market preview of Australian monetary policy.
A shift in Australian yield curve policy would move the Australian dollar and bond yields, which affects Australian export pricing. Grain and feed prices are not directly affected.
afr.comJonathan ShapiroJun 29, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
