The physical bank bill added 3bps to 1.74% while the 3 month BBSW added 2bps, also to 1.74%.
All swap rates increased and in no real discernible pattern. The 1 year rate rose by 3bps to 1.82%, 3 year and 5 year rates added 1bp to 2.08% and 2.45% respectively while the 10 year and 15 year rates remained unchanged (after rounding) at 2.81% and 3.03% respectively.
Swap-to-bond spreads generally tightened. The 3 year spread contracted by 1bp to 6bps, the 5 year spread remained at 25bps and the 10 year spread tightened by 2bps to 15bps.
AFMA BBSW - SWAP RATES
| MATURITY | Close | Δ WEEK | Δ MONTH |
|---|---|---|---|
| 30d | 1.60 | 0.01 | 0.01 |
| 90d | 1.74 | 0.02 | 0.05 |
| 180d | 1.90 | 0.02 | 0.09 |
| 1 Year | 1.82 | 0.03 | 0.06 |
| 3 Year | 2.08 | 0.01 | 0.02 |
| 5 Year | 2.45 | 0.01 | 0.02 |
| 10 Year | 2.81 | 0.00 | -0.06 |
| 15 Year | 3.03 | 0.00 | -0.09 |