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AUD 1-Year/1-Year Swaps Briefly Print Above Last Week's Highs

AUSSIE SWAPS

The volatility in Australian rates that we have flagged resulted in AUD 1-Year/1-Year swap rates breaching last week's high, albeit temporarily, with some pointing to an unwind of received/long AUD positions vs. overseas in cross-market trades.


Fig. 1: AUD 1-Year/1-Year Swap Rate (%)

Source: MNI - Market News/BBG

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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