
MR - Experts Views
Why short term rates are rising
Wednesday 19th of May 2010
Firstly, swap rates have increased because it is believed that the Reserve Bank will raise the Official Cash Rate (OCR) at the June 10 meeting.
Secondly and more importantly, says Alexander, there has been a pricing behavioural change brought on by the events of last year and the current Greece crisis.
He says that last year tens of thousands of floating rate borrowers suddenly sw...
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