The Opening Belle
"If we buy bonds in the five to 10-year range, will that create more jobs?"
What a quote that is.
We'll come back to it.
Risk sentiment remained under pressure overnight, with most Asian indices lower.
U.S. Futures were also lower, Nasdaq down by 0.7%.
Back to that quote from RBA governor Lowe.
“If we buy government bonds in the 5-10 year range, is that going to create more jobs? How would it create more jobs?”
(Spoiler: It won't, but they'll do it anyway)
The RBA are looking at further easing options.
Currently, the cash rate is set