falling yield on bonds = higher bond prices
a bond ETF will increase and it's interest yield will fall.
I think the market is betting that they will halt or cut rate rises.
- they get these thought bubbles in the US (reserves) then forget all about them after a few years; the Au banking sector is quite strong its not like the US but they will cut dividends if need be.
banks are a very average investment (aside MQG CBA) don't have a Au domestic bank in my super
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