Global Bond Rout Puts Australia’s Central Bank on Front Line
Bloomberg 2/25/2021 Michael Heath and Emily Barrett
(Bloomberg) Bond traders keep probing the limits of central banks’ patience, and nowhere is that clearer than in Australia, where policy makers are struggling to defend their yield target.
The Reserve Bank of Australia bought A$5 billion ($4 billion) of bonds Thursday, matching the record last March when it began quantitative easing. That eventually brought the targeted three-year yield down, but only after it hit a two-month high. A selloff that began in New Zealand also widened to Treasuries and Japanese debt, as the world’s sovereign bonds head for their worst month since April 2018.
(Bloomberg) Bond traders keep probing the limits of central banks’ patience, and nowhere is that clearer than in Australia, where policy makers are struggling to defend their yield target. The Reserve Bank of Australia bought A$5 billion ($4 billion) of bonds Thursday, matching the record last March when it began quantitative easing. That eventually brought the targeted three-year yield down, but only after it hit a two-month high. A selloff.
Global Bond Rout Puts Australia’s Central Bank on Front Line
Bloomberg 2/25/2021 Michael Heath and Emily Barrett
(Bloomberg) Bond traders keep probing the limits of central banks’ patience, and nowhere is that clearer than in Australia, where policy makers are struggling to defend their yield target.
The Reserve Bank of Australia bought A$5 billion ($4 billion) of bonds Thursday, matching the record last March when it began quantitative easing. That eventually brought the targeted three-year yield down, but only after it hit a two-month high. A selloff that began in New Zealand also widened to Treasuries and Japanese debt, as the world’s sovereign bonds head for their worst month since April 2018.
Transforming agri-food systems is powerful lever for achieving global goals
In address to Rome’s storied Lincei science institute, FAO Director-General QU outlines Four Betters approach, calls for holistic and systemic thinking
25 February 2021, Rome - A holistic redesign of the world s agri-food systems can make outsized contributions to achieving global pledges such as ending hunger by 2030, FAO Director-General QU Dongyu said in a keynote lecture at Italy s historic Accademia Nazionale dei Lincei. Agri-food systems are the world s largest economic system, measured in terms of employment, livelihoods and planetary impact, Qu said, noting that four billion people are employed directly or indirectly in food systems, in which poverty and hunger are nonetheless endemic.
Transforming agri-food systems is powerful lever for achieving global goals
Format
In address to Rome’s storied Lincei science institute, FAO Director-General QU outlines Four Betters approach, calls for holistic and systemic thinking
25 February 2021, Rome - A holistic redesign of the world s agri-food systems can make outsized contributions to achieving global pledges such as ending hunger by 2030, FAO Director-General QU Dongyu said in a keynote lecture at Italy s historic Accademia Nazionale dei Lincei. Agri-food systems are the world s largest economic system, measured in terms of employment, livelihoods and planetary impact, Qu said, noting that four billion people are employed directly or indirectly in food systems, in which poverty and hunger are nonetheless endemic.