Daily Insights

• It was a slow start to the week, with an uptick in action expected following the RBA decision today.
• We have eyes on a line of Tcorp 27s with a couple of investors looking to snap this up.
• In the TD space, we are seeing flow directed towards the 6mth term offering 4.95%.

RBA Today

• It’s RBA day, and the market is eagerly awaiting the latest update following last week’s rate cut from the U.S. Federal Reserve.
• With the Fed announcing their first rate cut, speculation is growing that the RBA may soon follow suit.
• However, the risks to inflation and employment in Australia differ significantly from those in the U.S. economy, which the Fed is managing.
• Despite these differing outlooks, today’s accompanying statement and press conference will be closely watched for clues as to whether and when the RBA might follow suit.