22 Aug – 26 Aug 2016

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The yield curve flattened again this week as the 3y/10y spread fell 3bps to 48bps and the 3y/20y spread fell 2bps to 103bps. The flattening was the result of a rise at the short end while long terms yields were steady or marginally down. Westpac expects the “global search for yield” to continue and for the yield curve to flatten further.

3y 10y 160829 Yield Curve 160829