Tuesday 21st August 2018

Treasury yields drifted lower in the US today. NAB’s Gavin Friend says this follows a warning from bond investor Jeff Gundlach that there was a record level of short positions. He talks with Phil Dobbie about the impact of the warning, and the reports that President Trump allegedly spoke out against the Fed’s approach to interest rates. Will it inflluence what Jerome Powell has to say at Jackson Hole at the end of the week?