Called a dividend. You pay the rate hike.
A politician hands voters a $5,000 'dividend' while the bond market hands them a 15-year high and the fuel pump hands them a 30-cent surcharge.
Source article: Brent crude tops $108 as Australian bond yields hit 15-year high.
Column metadata
- Published
- Pen name
- Editorial Board
- Topic tags
- economy
- Primary entities
- Australia, United States, Reserve Bank of Australia, Brent crude, Middle East
- Themes
- Energy markets, Bond markets, Inflation, Interest rates, Middle East conflict
- Floor values engaged
- Truthfulness, Informed citizenship, Accountability of power