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15 October 2020
5 min read

The Opening Belle

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"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

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