Daily Commentary BY THE CURVE TEAM –

Daily Insights – Rates Further to Run

12th of October, 2021

Macquarie 1 Year FRN

  • Macquarie issued just over half a billion of a one year FRN at +13.
  • This follows CBA last week issuing a one year at +9.

Higher Rates Predicted

  • The recent run up of yields is widely expected to continue.
  • Westpac noted that the increase in yields has been much sharper than the rest of the world.
  • They expect longer terms to continue to rise but shorter term rates such as BBSW to remain low as the RBA continues to supply liquidity with its QE program.

Josh Stewart

Associate - Money Markets