RBA’s 3yr YCC and rates forward guidance tested as markets price first hikes in 2023 The RBA’s cash rate forward guidance and 3yr yield curve target are being tested. Moreover, markets are doubting whether the RBA will extend the 3yr target beyond the April 2024 bond with the yield on the Nov 2024 bond increasing 8bps over the past week to 0.30%. Markets are pricing in the chance of the RBA hiking rates before its guidance of not lifting rates until 2024. Analysis: JobKeeper’s end – economy to sustain momentum beyond March What happens when JobKeeper ends on March 28 is one of the most common question asked by ... (full story)