Free Trial

CBA On The Recent Widening Of EFPs

AUSSIE SWAPS

On the recent widening of EFPs, CBA note that "if, as we do, you believe in a stronger Australian economy in 2022, then you likely believe the government borrows less. And sooner rather than later. With CLF changes as well, the excess supply of bonds is muted. Not to mention of course in a rising rate environment, hedgers (issuers, borrowers) are more likely to be paying swap and contributing to widening pressures."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.