On June 16th the yield on 10-Year US Treasury Notes was higher at ~1.6% after the Federal Reserve signposted a rise in interest rates next year with two increases pencilled in by 2023.
With 30 June looming around the corner, it’s important to take time out to get your financial affairs in order. We’ve compiled some of the items that should be high priority on everyone’s list.
Last night Treasurer Josh Frydenberg announced his third budget where he continued his push to drive the jobless rate below 5%. Thanks to record commodity prices, income tax receipts and the rebounding share market and business sectors, the budget deficit will be slashed by $53 billion this year to $161 billion.
The extraordinary iron ore price action we have continued to see through the June quarter has prompted us to further refine our financial performance forecasts for FMG as we head towards the end of FY21. Marking-to-market the iron ore price for the June 2021 quarter to date shows the average price now sits at ~US$184/dmt.