Daily outlook for AU rates

Westpac Research Notes:

AU swap yields 1 day: The 2yr should open around 2.16% while the 10yr should open around 3.23%.

AU swap yields 1-3 month: Momentum remains positive, with the 2yr having broken 2.20% and targeting higher still. The 10yr yield has made a tentative bottom at 2.60% (also a record low), rebounding with US interest rates and thus steepening the curve. This trend is expected to continue.