US bond prices have dipped significantly since Trump’s surprise election victory. On this morning’s podcast Phil Dobbie asks NAB’s Ray Attrill whether we can expect them to bounce back, or stay where they are? Similarly, the Aussie dollar, which is heading down to 70 cents, is this a short term reaction or the sign of something deeper? We also look at two possible disruptions in Europe – the Italian referendum and Austrian elections, both two weeks away.