The physical 90d bill market reversed the previous week’s 2bps drop and moved back up to 2.18% while the 90d BBSW rate moved in the same direction with a 1bp rise to finish the week also at 2.18%. Swap rates were higher across the board, with both 1y and 3y swap rates adding 1bps to 1.99% and 2.075% respectively while 5y, 10y and 15y swap rates moved higher by 3bps-6bps to end the week at 2.44%, 2.97% and 3.23% respectively. The 3y swap-to-bond spread eased 2bps to 19bps while the 10y swap-to-bond spread eased 1bps, finishing the week at 30bps.
AFMA BBSW - SWAP RATES
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