Monday 8th October 2018

Strong US payrolls data on Friday saw bond yields push higher. At the same time, Friday saw new multi-year lows for the Aussie and Kiwi dollars. Phil Dobbie asks NAB’s Ray Attrill if the market has over-reacted to the US data, or is there simply a broader acceptance of the Fed’s rate rise trajectory? They also discuss moves by the People’s Bank of China to sidestep the impacts of the US tariff war – and hopes in the UK that a Brexit deal is close.