Daily Flows

• With the elevation in the yield curve, we saw an uptick in fixed interest investing.
• A 5.15% offering for 6 months in the TD space continues to stand out as the highest outright rate.
• NCD levels are varying between 4.79% and 5.01% for terms ranging from 3 to 6 months.

The Week Ahead

• Towards the end of last week, markets priced in a more hawkish Federal Reserve as the U.S. economy remained stronger than expected.
• To kick off the week, RBA Deputy Governor Hauser will be speaking at a CBA markets conference. Markets will closely watch for any hints on how recent labour market data might affect the monetary policy outlook.
• It’s a very quiet domestic week, with the only significant print being Judo Bank’s PMI preliminary data.
• Last month, this just ticked into the contractionary range at 49.6.
• Overseas, it’s similarly quiet, with the most notable U.S. data being the release of September’s Durable Goods Orders on Friday.