TGP.ASX going for a diveI was actually pretty bulish about this when I first looked at it, but once I realised its financial management I remembered the golden rule. If the US 5 year goes up, the Aussie share market goes up. And here we go. You can see overlayed the US 5 Year bond yield follows the price action pretty closely ( other way round, lol). The correlation drops off in August 2013 but connects again a few times thereafter until the correlation goes negative in December 2018. I believe this is the same point that the Reserve Bank of Australia dumped the Aussie interest rates so it makes sense. Now I cant see how this is going to evade gravity for too long so I would expect it to catch up with the US yield at some point, and seeing as the Aussie cash rate is only a sniff above 0.00% it wont take long.
