Nomura's Ticehurst Sees Yield Curve Steepening

The transcript discusses the economic outlook, focusing on the yield curve and its implications. It highlights expectations for infrastructure investment and its potential impact on the economy. The budget is analyzed for its political and economic implications, with a focus on net new spending. The Reserve Bank of Australia's stance on infrastructure spending and the balance between monetary and fiscal policy is also explored.

What are the two forces mentioned that are affecting the yield curve?

What expectations are there regarding infrastructure spending in the upcoming budget?

What is the significance of the budget being described as both a political and economic document?

What challenges are mentioned regarding the implementation of infrastructure projects in Australia?

How does the speaker view the balance between monetary policy and fiscal policy?