XJO 0.68% 7,821.8 s&p/asx 200

I added the 2-year and this does match the timing of the...

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    I added the 2-year and this does match the timing of the interest rates more accurately, so I will concede that the 2 year mirrors the interest rate timing.
    The Fed watches the 10-year as this has more of an effect on their longer-term borrowing costs going forward.

    https://hotcopper.com.au/data/attachments/6134/6134092-0b102142de533efc08bc2f0f81a1d483.jpg
 
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