Friday: US 10-year yield at 16-year high

The US 10-year Treasury yield jumped to 16-year highs overnight on growing talk the Fed will have to hike again. Risk-sensitive currencies are weak on China’s rapid slowdown. In an extended bonus deep-dive interview, ANZ’s Group Chief Economist Richard Yetsenga looks at why China’s stimulus isn’t working this time around. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/