Prashant Newnaha Quotes (2 Quotes)

The amount of supply will put some upward bias on yields and keep bonds in a negative momentum. The market is comfortable with expectations for two more rate hikes, so supply can be a concern going forward.

Historical relationships have shown that the Australian dollar should be trading around 85 cents to 90 cents, given the recent sharp rise in gold. It does provide the case for the Australian dollar to play some catch up, particularly if the Fed rate-hike momentum loses favor with investors.