Why US bond yields might track higher as summer lingers in North America

Roni Green from GF Asset Management considers that the Jackson Hole Symposium was more "Much Ado About Nothing" than a Superbowl event, in terms of new news from the world's most important central banks. Despite the fluctuating market data, signs of improving inflation rates are present and a pause in RBA hikes seems probable and it is likely that the RBA will not hike any further.

Turning to the Australian bond market Roni highlights the amount of bonds, both corporate and treasury which are set to mature next month and in April 2024, largely due to COVID-related impacts. He also highlights certain opportunities within the corporate credit market, citing attractive terms on new issuances by offshore banks. Maintaining an optimistic outlook, he still advises a degree of caution and suggests a balanced strategy rather than taking excessive risks in the credit markets.