Wholesale 10 year rates

Protocol said:

Given the floods of deposits leaving KBC and UB, surely there are so much deposits, that rates will be slow to rise?

This suggests that the main three banks will improve their mortgage market share?

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1) Personally I'll be pretty pissed off if rates in the markets are 3% and there's no pass through to savers. We'll be getting screwed by the banks at that stage

2) Unit margins are still relevant in the context of volumes. Why wouldn't a rationale banker increase rates for additional margin if competitor rates are rising?

ST int rates are still 0%, and will be 0.25% next month.

So I can't see any upward pressure on ST retail deposit rates yet?

LT bond yields have moved up, yes, but how much impact has that on retail deposit rates?

Protocol said:

ST int rates are still 0%, and will be 0.25% next month.

So I can't see any upward pressure on ST retail deposit rates yet?

LT bond yields have moved up, yes, but how much impact has that on retail deposit rates?

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Look at the 3-month EURIBOR forward curve. Markets pricing c. 100bp increase by the end of September now. Chatham Financial have a good website for the detail.

LT bonds don't affect bank rates.

Big jump again today we are at 2.6 for 10 years...
In the US standard mortgage rate increased .25% in a day to 6.4 ..

Wholesale rates are down .2% hovering around 2.4!