The epic moves in bond yields this fiscal year have plunged the balance sheet of the Reserve Bank deep into negative equity. This is historically unprecedented territory for Martin Place, and for Canberra as well.
It will need to be reckoned with, ahead of the RBA’s annual report, due in September.
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Grant Wilson is Executive Chair of Tivan Limited, a critical minerals company with major project status in the Northern Territory. He sits on the Advisory Board of Exante Data, Inc, a macro advisory and data analytics company based in New York. Connect with Grant on Twitter.
