– Daily Commentary BY THE CURVE TEAM –
Daily Insights – RBA Holds
8 December, 2021
RBA Holds
- Unsurprisingly there was no change in the current policy settings from the RBA.
- On QE tapering, economic forecasts and bond market functioning will determine the RBA’s decision.
- This is different to the cash rate, which will be determined by actual outcomes for inflation and employment.
- Predictions for QE tapering suggest the RBA will taper to $2 billion a week of purchases from February, although there are calls for a complete end.
AMP 3 Year
- BoQ issuing a 1 year FRN today at +27.
- AMP will issue a 3 year FRN following an investor call today.
- Indicative margins will be announced today and will likely be around +60 or more.
- Given AMP will raise funds from the issue, there is every chance that their TD rates fall when the funds arrive.
Josh Stewart
Associate - Money Markets
Curve Securities: Term Deposits | Bonds | Yield Curve Specialists