Daily Flows & Commentary BY THE CURVE TEAM –

Daily Flow & Insights – RBA Minutes, Treasuries Push Out

Tuesday, 19th April, 2022

Daily Flows

  • There are no notable flows as we kick off a fresh week after the Easter break.

RBA Minutes

  • The minutes of the RBA meeting are released at 11:30 today.
  • Further insight to the inflation forecast is expected and welcomed by the market.
  • A large emphasis will be placed on the rhetoric surrounding inflation and the labour market.

U.S. Treasuries

  • Continue to soar, with the 10Yr trading around 2.85%.
  • Market expectations continue to place upward pressure on the front end of the curve with the 2Yr now trading at 2.45%.
  • The spread between 2 and 10Yr treasuries has widened, after the gap narrowed to 18 basis points a couple of weeks ago.
  • Recession fears are still very present but have marginally subsided, for now.

Nicholas Allan

Associate - Money Markets