Daily Flows

• Last Friday, WATC released a 2030 floater to the market. Today, the potential for trading in the secondary market is well and truly alive.
• One-year term deposit rates continue to edge upwards, with offerings around the 5.10% mark becoming commonplace.
• Investors should be on the look out for bespoke offerings as banks look to sure up funding ahead of the typically volatile Christmas period.

The Week Ahead

• It’s a quiet start to the week on both the domestic and global fronts, with an RBA speech from Kent scheduled for this afternoon.
• Following this, more RBA commentary will be released to markets via the meeting minutes.
• There is growing sentiment that the RBA will not be able to cut rates until July or August next year. These minutes will be closely analysed for further insights into the monetary policy outlook.
• Overseas, inflation releases from Canada and the UK suggest disinflation is well and truly underway. Both prints are expected to come in below 2% year-on-year.