Daily Flows & Insights -Quiet Week Ahead

Daily Flows

  • Last Friday was quiet across the NCD and TD space.
  • Those that were active gravitated towards the 1 year space, with an ‘A’ rated bank offering 5.46% 1 year TD.
  • With economists now forecasting 1-3 more hikes in the cash rate, significant upward pressure will be placed on shorter term deposits.
  • NCD margins held firm at +50 for 3 months last Friday.

Quiet Week Ahead

  • Compared to last week, it is a relatively date quiet week ahead.
  • Tomorrow, the RBA Minutes are released. The markets will look for any clues in regards to future monetary policy decisions.
  • Overseas, The United Kingdom inflation rate is printed. Markets are expecting a YoY reading of 8.4% a considerably higher level compared to the EU & U.S.
  • The Bank of England will meet on Thursday to make a decision on monetary policy.
  • In The U.S. Jerome Powell has a testimony before the House Financial Services Committee.
  • It is expected that he will restate similar rhetoric to the Post-Fed meeting press conference.
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Curve Team
Jack Pedersen