Summary:
Swap rates moved lower across the short- and long-term maturities. The Short-term swaps (1–6 months) were lower over the week, with the 1-month rate at 3.54% (-0.01% weekly) and the 6-month rate at 3.67% (-0.03% weekly).
Medium- to long-term swaps (1–15 years) edged lower, both weekly and monthly, reflecting modest downward pressure on medium-dated rates. The 1-year rate was 3.33% (-0.03% monthly), while the 10- and 15-year rates rose to 4.18% and 4.41%, up 0.04% and 0.04% over the week, respectively.
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TERM TO MATURITY CLOSING RATE Δ WEEK Δ MONTH 1 month 3.55 0.01 -0.01 3 months 3.6 0.04 0.05 6 months 3.76 0.09 0.11 -
TERM TO MATURITY CLOSING RATE Δ WEEK Δ MONTH 1 year 3.47 0.14 0.16 3 years 3.53 0.16 0.22 5 years 3.9 0.14 0.17 10 years 4.31 0.13 0.1 15 years 4.52 0.11 0.06
Exhibit 1: Australian 3Y/10Y Bond Yield
