Trial now
JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

AUSTRALIA
AUSTRALIA: It is worth noting that Monday saw Macquarie signal that it will
employ higher variable mortgage rates for new customers from July 13, with
existing customers receiving an additional 10 day grace period. The bank joins a
host of tier 2 lenders who have already conducted similar hikes in mortgage
lending rates.
- Eyes now fall on the "big 4", with the elongated elevation of BBSW being the
main culprit for the move among lower tier investors.
- As a reminder, last week's RBA decision saw the central bank introduce the
following language to the accompanying statement: "In Australia, short-term
wholesale interest rates have increased over recent months. This is partly due
to developments in the United States, but there are other factors at work as
well. It remains to be seen the extent to which these factors persist."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com