Pro Capital Rates

In the first quarter of 2025, Australia’s bond market demonstrated renewed resilience as the yield curve bull‑steepened , according to analytics from Pro Capital Rates ’ Fixed Income Desk . The 3‑year government bond yield dropped by 12 basis points , while the 10‑year yield rose modestly—by approximately 5 bps—bringing the 10‑year yield to 4.85% . This combination reinforced a steeper curve profile that underpinned stable income expectations amid evolving policy dynamics. “The curve’s steepening signals investor confidence in carry, with shorter maturities grinding lower while long-end yields remain supported,” said Gary Kingshott , Managing Director at Pro Capital Rates. 📉 Yield Curve Dynamics: Key Metrics Tenor Start of Q1 Yield End of Q1 Yield Change (bps) 3-Year Govt Bond 3.78% 3.66% –12 5-Year Govt Bond 4.12% 4.28% 16 10-Year Govt Bond 4.80% 4.85% 5 This slight steepening contrasts with previous quarters' flattening and reflects recalibrating expectations around rate cuts a...

In a move that underscores the regulator’s continued efforts to support both depositor flexibility and systemic stability, the Australian Securities & Investments Commission (ASIC) has formally extended its long-standing relief on 31-day notice term deposits via Instrument 2025/172 , effective from March 28, 2025. This legislative remaking ensures that term deposits with a 31-day notice period retain their classification as “basic deposit products” —a key designation that directly impacts how they’re marketed, managed, and disclosed to investors. For sophisticated and wholesale investors, particularly those managing Self-Managed Superannuation Funds (SMSFs), this is not just a regulatory footnote—it’s a material change to how short-duration liquidity can be planned within fixed income strategies. What Is the 31-Day Notice Period—and Why Does It Matter? Traditionally, term deposits offer locked-in capital protection and guaranteed interest payments , with fixed terms ranging from ...

As we head into the heart of 2025, sophisticated investors across Australia are once again refocusing on the income stability, capital protection, and yield predictability offered by term deposits. But not all term deposits are created equal — and in a climate of evolving rates and macro uncertainty, provider selection and term structuring matter more than ever. At Pro Capital Rates , our analysts have reviewed over 75 term deposit products across major banks, regional institutions, and emerging digital lenders to uncover where value lies for investors today. The verdict? High-yield opportunities still exist — but only if you know where to look. “The median rate isn’t the whole story,” says Gary Kingshott , Managing Director at Pro Capital Rates. “What matters is the right blend of yield, payout timing, and liquidity. Some products are offering north of 5.1% p.a. — but access varies depending on whether you’re wholesale, retail, or investing via SMSF.” What Makes a Top-Pick Term Depos...

As 2024 drew to a close, Australian investors witnessed a pronounced shift in the fixed income landscape. According to the Pro Capital Rates Fixed Income Desk , the 10-year Australian government bond yield climbed sharply from approximately 3.80% in early October 2024 to 4.60% by year-end , reflecting re‑calibrated growth expectations and a surprisingly persistent rate environment. This movement weighed heavily on bond returns, even amid favorable macroeconomic momentum. “The rise in long‑term yields was a market wake-up call—it upended assumptions of imminent rate cuts and tested the resilience of bond portfolios,” said Gary Kingshott , Managing Director at Pro Capital Rates. 📊 Yield Trends and Market Signals Our data indicates significant shifts in bond market sentiment: Tenor Start of Q4 Yield End of Q4 Yield Change (bps) 10-Year Govt Bond 3.80% 4.60% +80 bps 3-Year Govt Bond 3.30% 3.75% +45 bps 5-Year Govt Bond 3.52% 4.18% +66 bps The 10-year yield’s 80 bps increase was a stan...