Dr Stephen Nash of FIIG Securities speaks to FNN about the bond bubble that was and the potential for a US Government shut down next week if budget negotiations fail.
Dr Nash says The RBA is likely to remain comfortable with the official cash rate for the next three-to-six months.
He says the rise in job vacancies is a sign of a post-election pick up, which is another reason why the RBA may be attempted to let the dust settle before cutting rates again.
Dr Nash says the bond bubble has been and gone, with the market likely to bounce back over the coming months.
He says the US debt ceiling debate is likely to impact markets heavily over the coming weeks, with a real possibility the government may not reach an agreement on its budget legislation.
