MOAR cut calls
JP Morgan was out to update its forecasts and call for no fewer than four interest rate cuts over the next 12 months to a record low of 0.50 per cent.
In the past few minutes Australia's 10-year government bond yield ticked down to 1.499 per cent.
Which is below today's official cash rate of 1.50 per cent.
Remarkable times.
Will the government take this opportunity to borrow and invest in some infrastructure?
