It's worth pointing out that the longer end of the yield curve has lifted a little with the wholesale 5 year swap rate hovering around 6.00%. It was as low as 5.61% back on the 5th of Feb. The last time the 5 year rate was consistently over 6.00% was towards the end of last year. The reason for this latest jump is the belief that the RBA may attack an increase in housing prices more aggressively and that with confidence continuing to strengthen that inflation may become an issue.
Some of the regional banks such as Bank of QLD and Rural have some very attractive longer term rates at the moment.
