Looked at the bank bills today and for march 11 they are pricing in cash rate of 4.85% right now. I think being long our bills here will be very attractive indeed with this being unwound to inline with our cash rate, not to mention much lower when this real contagian spreads over the next few months.
Volt did you have your next major downturn point in markets being late August?
wednesday wonderwall waterfall, page-104
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