'In the speech on volatility and market pricing he (Debelle) went on to compare current conditions to those before the 1994 bond crash and warn; “The selloff, particularly in fixed income, could be relatively violent when it comes”.'
Oh the irony! The sharp sell off on September-November 1994 (which I traded) was triggered by three 1% RBA rate hike in a row. It wouldn't surprise me if RBA insiders had selective memory about that particular debacle. LOL
