WPAC: FED funds rate to exceed RBA rate by 112 bp's 10 year spread to minus 30bp's by 2019

Westpac citing:

  • We have increased our likely peak in the Federal Funds rate to 2.625% in response to Congress' recently announced spending package.
  • With RBA still expected to remain on hold in 2018 and 2019 we now see FED funds 112 bp's above RBA cash rate in 2019.

--

Further reducing the attractiveness of AUD yield .... should be a weight on the Australian dollar

---

Long live cryptocurrencies? Five insights from the ASAC Fund