Daily Flows & Insights – The Week Ahead

Daily Flows

  • Last week, strong demand for funds led to various bespoke levels being offered across NCDs and TDs.
  • Standout levels included 5.45% for 1-year term deposits and +50 for 3-month NCDs.
  • The 6-month BBSW continues to be the highest outright reference rate, reaching 4.65% on Friday.

The Week Ahead

  • Following a relatively quiet week, there is plenty of upcoming data for markets to digest.
  • Australian Retail Sales data for October is set to be released, with both CBA and NAB forecasting a contraction. Last month’s positive print was attributed to favourable weather and the FIFA Women’s World Cup.
  • The October monthly CPI indicator, projected at 5.2% YoY, will be released on Wednesday. This print covers specific baskets and excludes certain market services, hence a soft print is expected.
  • In the U.S., the UC core PCE price index is the highlight of the week. A print below the forecasted 0.2% MoM could intensify the market pricing in rate cuts, a situation the Fed aims to subdue in order to maintain tight financial conditions.
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Curve Team
Jack Pedersen