Physical bank bills barely changed and rose 1bps to 2.14% while the 90d BBSW rate rose 2bps to 2.15%. The 3y swap-to-bond spread moved up 1bps and is still close to the 27bps spread averaged through August. Likewise, the 10y swap-to-bond spread moved in the same direction but by a slightly larger 3bps, finishing at 0.35%, which coincidentally was the average for August.
AFMA BBSW / SWAP RATES
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