The RBA minutes and the Statement on Monetary Policy had no real effect on physical bank bill rates and they inched up 1bps to close at 2.15%. 3m BBSW also finished at 2.15% after a slight mid-week dip but closed the week unchanged from the previous week’s close. Swap to bond spreads were also quite stable during the week, trading within a 2-3bps range but by the end of the week each of the 3y, 5y and 10y spreads closed 1bps narrower than the previous week.
AFMA BBSW / SWAP RATES
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