Australia Bonds Update
Iron ore lowest since 2009.
RBA Frustrated as Weaker Aussie Goal Thwarted
(Bloomberg) — The Australian dollar is set for its first annual gain versus its major peers in three years as it outperforms the euro and the yen, frustrating central bank efforts to stimulate the economy with a weaker currency.
State asset sales continues and the economy continues in a 2 speed mode with housing gains offsets the mining glut.
Australia, in my opinion, is in a good position to weather a global economic downturn or, lest to say, any flicker of growth.
Poor call on the AUDUSD which set a new 4 year low.
But the carry is still good and the bonds still look good as we head into 2015.
Leaving with the indicative bond prices which will tide into year end given the 2 week Xmas break down under.