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Westpac On 2-Year Swap Rate Dynamics

AUSSIE SWAPS

Westpac note that “6 months out from the first RBA rate hike it is rare for 2-Year swap rates not to keep rising. While each cycle is different, and pricing for this one has been aggressive for some time, this implies that there are still higher swap rates coming. Indeed, it is the behaviour once the first hike is delivered that will be of more interest to where and when these rates peak.”

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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