About Us
Services
Sectors
Resources
Contact
Search
Back to Daily Insights
Daily Flows
Yesterday, market participants focused on placements around the 6-month tenor, receiving an elevated level due to increases in reference rates.
Today, a Green-friendly BBB+ rated ADI has come to the market with a standout rate of 5.50% for 12 months.
NCD margins have climbed to +50 for 3 months as banks are looking to attract funds.
Quiet Markets Ahead of U.S. CPI
Markets remained subdued ahead of crucial U.S. inflation data.
One area of concern is the Friday night deadline to fund the government for the next 12 months (Saturday 4 pm Sydney time).
Passing substantive legislation seems unlikely, and a Continuing Resolution (CR) might be the temporary solution until early 2024.
The New York Fed’s survey of consumer expectations revealed changes in various economic indicators.
The 1-year inflation outlook eased by 0.1% to 3.57%, and the 5-year inflation outlook eased by 0.1% to 2.72%.
Employment expectations decreased by 1.5% to 38.6.
Domestically, markets remain optimistic due to positive economic growth talk fuelled by strong population growth.
Share this entry
Curve Team
Jack Pedersen
For daily rates and portfolio data, visit: