With Oz bonds soaring, and yields continuing to decline, it won't be long now before the RBA will be forced to follow the market and start cutting interest rates.
As I've been saying for months now, I actually expect the RBA will continue slashing interest rates as they chase the market down (both bond yields and the housing market) over coming years as the debt/asset deflation intensifies. And having further to cut merely means we have further to fall.
