So far the sudden creep up in the Australian 3 year yield has gone unnoticed. But it has jumped massively in the last two weeks from 0.07% to 0.26% For months the RBA has kept the rate under 0.10%. However, this time it has left the rate unchecked. According to Michael West, this is the RBA testing the market. The three year rate is the rate that Banks use...
The RBA has a stated yield control curve target of keeping the 3 Year Yield at .10% - the same as its overnight cash rate. However, the market was moving in a direction to push this higher in anticipation of rates being lifted faster than the RBA had previously stated. Last week the RBA decided to punish those short investors in the three yield by stopping the...
Hi friends the graph monthly of this market shows that nothing should be done for the moment until the support breaks at 0.240 or the resistance breaks at 1.336 so it is better to wait and be vigilant for more analysis please subscribe thank you