RBA's Bigger-Than-Expected Rate Hike Jolts Markets

The transcript discusses the market's reaction to a policy change, highlighting a swift sell-off in Australian bonds and a rise in the three-year yield. The Australian dollar also saw a significant increase against the US dollar. Despite these changes, the US dollar remains strong, and the Federal Reserve is expected to be more aggressive than other central banks.

What was the immediate market reaction to the changes in Australian bonds?

• A swift sell-off in shorter end bonds

• A stable bond market

• A decrease in the three-year yield

• An increase in long-term bond prices

How much did the three-year yield rise after the market changes?

• 10 basis points

• 5 basis points

• 20 basis points

• 16 basis points

What was the percentage increase of the Australian dollar against the US dollar?

• 3.0%

• 2.0%

• 1.4%

• 0.5%

Despite the Australian market changes, which central bank is expected to be more aggressive?

• Bank of England

• European Central Bank

• Bank of Japan

• US Federal Reserve

What has been the trend of the US dollar in recent weeks?

• It has weakened against all currencies

• It has remained stable

• It has strengthened against most currencies

• It has fluctuated without a clear trend