Global Bond Meltdown and Oil Surge Threaten Australia's Economy and RBA Rate Path

• US Bond Yields: 10-year notes hit 4.85%, levels not seen since late 2023, as markets dismiss a $US6 billion buyback plan as inadequate.
• Oil Prices: Crude surged 6% to top $US107 a barrel, its highest since May, stoking inflation fears worldwide.

Liabilities (What's Losing Ground)

• ASX200: Dropped 1% on Thursday as Treasury war-games recession fallout from the global turmoil.
• Queensland Credit Rating: Facing an imminent...