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AU/NZ 2-Year Swap Spread Runs Lower In Wake Of RBNZ

AUDNZD

The Australia/New Zealand 2-Year swap spread is now testing levels not witnessed since early '16 on the back of the RBNZ's decision to halt its LSAP purchases come the end of next week. A reminder that most economists expect the RBA's bond purchasing scheme to continue for at least several quarters after its switch to a more flexible bond buying scheme earlier this month.


Fig. 1: The Australia/New Zealand 2-Year Swap Spread

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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