market revaluation 75 cents., page-103

The banks want to lock in cheap money before rates rise, this will allow them to make greater profits when rates reach 5%.
2 year term deposits of 3%
5 year term deposits of 4%

The market is anticipating a lot higher interest rates than 4% to be offering that rate now.
Why would you invest in the ASX 200 at 2.5% dividend or 3.55% dividend which is highly volatile when you can make 3% to 4% in the banks. Another rate rise will likely cause a larger fall in the ASX.

Profit margins will fall resulting in lower dividends as the return on investment for bank savings increase.
I believe the market is on the knife edge of a large sell off. Its about time.