Australian Bond Traders Watchful as Fed Easing Nears

2303 GMT — Australian bond traders have a lot to deal with this week internationally and domestically. The FOMC is widely expected to start cutting interest rates midweek, with only the amount really in dispute. A 50 basis point cut by the Fed would likely sharpen attacks on the Reserve Bank of Australia’s hawkish narrative, highlighting how it is lagging an increasing number of global peers that are now cutting. Recently, the RBA has been criticized for “smashing the economy” with high interest rates. Locally, employment data for September are...