Be prepared, I am about 80% confident I reckon we will see a...

Be prepared, I am about 80% confident I reckon we will see a rate rise in Australia next week.

The market needs a catalyst for a correction, this could be it. Equities are far too complacent about rates being on hold, evidenced by the rally in banks yesterday after bond yields rose 10 points.

Bank bill yields rose significantly last night after a "connected" journo (see p10 AFR) seems rather confident of a mvoe.

The RBA does not communicate much so often use this journalist amongst others (Terry Mc Crann today too perhaps?) to telegraph a move, giving markets and the public a more smoother reaction.