Daily outlook for AU rates

Westpac Research notes:

AU swap yields 1 day: The 2yr should open around 2.17% while the 10yr should open around 3.18%.

AU swap yields 1-3 month: May's yield declines are giving way to a resumption of the yield rises which occurred in April. The 2yr targets above 2.30% and the 10yr above 3.40%. RBA guidance and US treasury markets will be the key to these rises persisting.