For First Time Since 2000, Australian Govt Bond Yield Below UST As US Govt Reaches $21T Debt Mark

“It is worth highlighting,” CLSA analyst Christopher Wood writes in the latest issue of his Greed & Fear research note, “that an interesting development occurred recently when the 10-year Australian government bond yield in late February declined below the US 10-year Treasury bond yield for the first time since 2000.” This development is interesting because it comes against a backdrop of rising leverage in Australia in an economy that’s highly dependent on the housing to generate growth. 2017 hedge fund letters Chinese Shadow Banks De-Levering, But No One Knows What Lies Beneath MS: The S&P 500 Is Still Cheap And…