Wednesday 16th May 2018

US ten-year treasuries were up eight basis points this morning, with the US dollar reaching a new high for the year so far. Phil Dobbie talks to NAB’s David de Garis about the reasons behind the bond sell-off, which has been accompanied by a drop in shares. They also look at the UK’s positive wage data overnight and ask what it would take for Australia’s wage price index today to move markets. The Aussie dollar has already taken a hit from slowing investment in China.