In January 2022, the Australian 2 year government bond was yielding 0.40%. The Reserve Bank of Australia’s (RBA) cash rate was 0.10%.7 months later, the yield in the Aussie 2’s rose 9-fold, up to a recent high of 3.50%. Today, they are 2.97%. ‘Shorting’ bonds and long commodities was your inflation trade. That’s all over … Continue reading Interest Rates to mean revert