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...
A noteworthy breakout in Aus 10yr with the technical damage already done as bulls remain supportive at the lows. The 38.2% from the impulsive leg, although still yet to be tested will cap any further downside in the coming weeks.
Here we are dealing with the capture of the pinned retrace. We have heaped up the size of our attack, but have to face up to the...
