Fleeing to cash

When will the selling stop? When bond yields fall, says Damien Boey, Credit Suisse’s Australian strategist.

When will the selling stop? When bond yields fall, says Damien Boey, Credit Suisse’s Australian strategist.

At 1007 AEST the S&P/ASX200 Index was down 60.888, or 1.3%, to 4697.50, bringing its two-day decline to 3.4% or 163.881 points.

The index has fallen 10% since its 52-week high of 5220.987 on May 14.

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