Yields down again
More records.
Markets are now fully pricing two further interest rate cuts by H2 2020.
And the 10-year government bond yield is now down to just 1.198 per cent (even the 15-year bond yield is at just 1.33 per cent).
3-month bills are also at record lows.
Banks are jostling for market share, with fixed mortgage rates now available from just 2.79 per cent.
That's a freakishly low rate with conditions attached, but looking at these charts there'll likely be many more mortgages available with a low 3-handle in the second half of the year.
