Gavin Friend

speaker

7,937 appearances 60 recordings 1 series first heard Sep 2024 last heard 2 Sep

Gavin Friend’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 29 in all, peaking in Oct 2025 with 5.

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NAB Morning Call · Disorderly trading? · 20 Aug 2026 podcast

I mean things like that, you know, you you you've got to cut your cloth.

So, you know, we'll we'll see where we go from here.

But as I say, you know, the the the

rising yields reflects the skepticism that this won't work regardless of whether um the Treasury decides to double down and do more of it.

And I think if they do, then then you know I I I I reference Japan there because that's what they're doing.

Yeah.

And what's the result?

The currency takes it on the chin and that's what we've seen with the dollar.

You mentioned at the start of the show that the dollar's risen.

Yes, it has risen only to sort of

uh unwind an early European decline.

It's still down about.8 of a percentage point uh the losses that it that it saw uh from the initial announcement on buybacks uh on Wednesday.

So it is lower overall post the announcement and and will pop will likely

Well look, i if we were to see something meaningful on this, of course it would be welcome and I and and of course markets would react.

Are we going to see that in the short term?

I highly doubt it.

What are the drivers of the of longer term yields?

You know, they th th this is not new.

We can think about Liz Trust, we can think about you know when ten year US Treasuries hit five percent in twenty twenty three.

These things wax and wane and every

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