Daily Outlook for Au Rates

Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.08% while the 10yr should open around 3.08%. The weak CAPEX report may excite market pricing for additional RBA rate cuts.AU swap yields 1-3 month: Yields are starting to reverse lower with the continuation of the US’ economic data disappointments. The 2yr could dip back into the 2.00%-2.10% range, while the 10yr could slip to 3.00%.

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