{podcast} Anyone coming back into the office from a three day holiday weekend with the knowledge that Friday’s US payrolls report was all round soft, could be forgiven for expressing surprises to see US yields higher across the curve than where they were when Australia went home on Friday, and that the Aussie dollar is weaker not stronger. Less surprising perhaps to see that equities finished the week higher on heightened expectations the Fed will soon be cutting rates and has extended those gains overnight. Higher yields and a stronger US dollar are largely the result of President Trump’s announcement after Friday’s ... (full story)