Daily Flows
- Today, Bendigo has launched Capital Notes 2 with an expected issue margin of 3.20% – 3.40%.
- Last Friday, 5.10% was the level needed to attract 1-year term deposit funds.
- Market participants have been expanding their current list of NCD counterparties, placing funds with an array of ‘A’ rated foreign branch banks.
The Week Ahead
- This week, markets turn their attention to Durable Goods Orders data in the U.S. on Wednesday.
- December’s print stabilised after a notable increase in November, falling short of market expectations.
- In Australia, the Consumer Price Index (CPI) is also released mid-week, with markets expecting a slight uptick from the previous month at 3.4%.
- At the end of the week, quarterly PCE and GDP in the U.S. come out. GDP is expected to slow down, driven by weak consumer demand.