Not very Zen
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Not very Zen
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Monday 2nd December 2025
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Japan’s bond yields pushed much higher, to levels not seen since the GFC after Gov Ueda signalled that a rate hike for December really was on the cards. After many months with inflation above their target range Phil asks NAB’s Rodrigo Catril what’s changed? And how much global contagion have we seen from Japan’s bond sell off.
Cryptocurrencies took a particularly big hit overnight, and US equities ended their rally, with a weaker than expected ISM manufacturing read. Today GDP partials for Australia and NZ’s terms of trade are amongst the highlights.
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