3M USD LIBOR was left unchanged throughout last week at 0.28%. It has been at this level for nearly a month. The US Treasuries are quoting higher today which has brought the yields down by over 9 bps for maturities over 5Y. The 10Y yields are quoting at 3.41% and the 2Y yields at 0.90%.
This week there are host of central bank meetings lined up. The RBA rate announcement tomorrow (3rd-Nov), FOMC Mtg on Wednesday, BoE and ECB meetings on Thursday. Among these only RBA is expected to increase rates by another 25 bps. Last month, RBA became the first G-8 central bankers to raise its key interest rate from 3.00% to 3.25%.
No comments:
Post a Comment