James Thompson
speaker
6,026 appearances
19 recordings
2 series
first heard Apr 2026
last heard 4d ago
James Thompson’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 19 in all, peaking in Jul 2026 with 5.
Appearances
Because they need to try and finance all this AI infrastructure spending that they're doing.
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And Anthony, we actually saw an example of that big tech fundraising spree in Australia this week, didn't we?
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bond this week.
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It's a great example, isn't it, Anthony, of what is happening for government bonds though.
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If a Google or someone comes into the bond market and tries to raise money, then that creates competition for these government bonds and the governments are forced to offer a more attractive interest rate to get their bond deals away.
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It's this competition that's become an issue.
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He did.
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Yeah, so before the market opened on on Wednesday night in the US, we got this press release from the US Treasury saying we are going to double the amount of bonds we're buying back.
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So the the US Treasury wades into the market and buys long dated bonds, so that's ten year bonds, twenty year bonds, thirty year bonds.
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It buys them and it said it was doing this for liquidity purposes, to ensure there's enough liquidity in the market.
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But everybody went, come on, mate, pull the other one.
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What you're doing this for is to try and force down the level of bond yields.
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So having seen that US bond yield hit a 19-year high, that the 30-year bond yield hitting a 19-year high of 5.3%, Scott Bessant wades in and goes, No, I need to bring that bond yield down.
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And all of a sudden we've got this liquidity operation.
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Now it worked, Anthony.
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It worked initially, the thirty year bond yield did come down to about five point two per cent.
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But then by Thursday night, the uh impact of Scott Besson's intervention in markets was completely wiped out.
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The bond yields just went straight back up because none of the issues have changed.
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Yeah.
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You know, government debt's still high, inflation's too much of a worry, AI fundraising's still going on, none of the fundamentals have changed.
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Showing 1841–1860 of 6,026 · page 93 of 302
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