INSIGHTS: Could the RBA Switch From Raising to Cutting?

Why the RBA's hands are tied: rate cuts in Australia can't come until the Fed moves, and the Fed can't move until US bond yields roll over. We work through the seven-and-a-half-year cycle in long-dated US Treasuries, the MOVE index as a stress signal, bond market sentiment, and why the relief most people are hoping for tends to arrive alongside falling asset prices and rising unemployment.