With EOFY approaching, some banks are still looking to top up funding, and councils are taking advantage of the sharper pricing now on offer.
Heartland Bank is leading with 4.50% for 6 months, a top of market rate for an A-3/BBB name.
Sept TCorp 2030s saw activity late last week, with interest from ADIs still evident as we near the EOFY for semi lines.
The Week Ahead
US bond yields dipped Friday as risk sentiment softened on news President Trump was considering a response to the Israel–Iran conflict. Over the weekend, he authorised strikes on Iranian nuclear sites, increasing uncertainty.
Geopolitics will drive headlines this week, with markets on edge and watching for any escalation.
Coming up this week in the US: Fed Chair Powell will testify before Congress (House Tuesday, Senate Wednesday), while Friday’s PCE data will be closely watched for signals on inflation and consumer spending.
In Australia, key data to watch includes the Monthly CPI (Wednesday) and Job Vacancies (Thursday), ahead of the RBA’s July decision.