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*** A bit of focus has crept into......>

AUSSIE SWAPS
AUSSIE SWAPS: *** A bit of focus has crept into the Aussie basis swap space over
the last 36 hours or so, as we move towards calendar year end. AU/US 3-Month
basis swaps have moved higher last at 28.5 after closing at 18.5 on Monday.
- The 3-Month BBSW fixing has risen to 2.0000% from the 1.9854% seen on Monday &
the 1.9500% seen at November's final fix. Elsewhere the RBA's reverse repo rates
have squeezed higher, with today's 30-day ops conducted at 2.157%, on the back
of yesterday's 24- & 45-day ops that were conducted at 2.104% & 2.100%
respectively.
- Chart:
http://marketnews-m.objects.xtenit.com/marketnewsintl/3-Month_Basis_AU.png
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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