Cash rate (%pa) | Bank bill yields (%pa) | Secondary market government bond yields (%pa) | Swap rate spread close (bps) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Official Cash Rate (OCR) | Overnight interbank cash rate | 30 days | 60 days | 90 days | 1 year1 | 2 year1 | 5 year | 10 year | 2-10s2 |
| 09 May 2023 | 5.25 | – | 5.50 | 5.56 | 5.62 | 5.25 | 4.77 | 4.15 | 4.20 | -83 |
| 10 May 2023 | 5.25 | – | 5.51 | 5.57 | 5.62 | 5.25 | 4.70 | 4.10 | 4.17 | -81 |
| 11 May 2023 | 5.25 | – | 5.50 | 5.56 | 5.61 | 5.23 | 4.63 | 4.05 | 4.12 | -83 |
| 12 May 2023 | 5.25 | – | 5.51 | 5.56 | 5.60 | 5.23 | 4.60 | 4.01 | 4.08 | -76 |
| 15 May 2023 | 5.25 | – | 5.51 | 5.55 | 5.58 | 5.19 | 4.54 | 3.96 | 4.05 | -78 |
| 16 May 2023 | 5.25 | – | 5.55 | 5.59 | 5.64 | 5.25 | 4.63 | 4.05 | 4.12 | -82 |
| 17 May 2023 | 5.25 | – | 5.54 | 5.59 | 5.65 | 5.25 | 4.67 | 4.08 | 4.16 | -89 |
| 18 May 2023 | 5.25 | – | 5.57 | 5.63 | 5.70 | 5.34 | 4.78 | 4.19 | 4.26 | -96 |
| 19 May 2023 | 5.25 | – | 5.63 | 5.72 | 5.79 | 5.52 | 5.04 | 4.41 | 4.41 | -105 |
| 22 May 2023 | 5.25 | – | 5.68 | 5.77 | 5.82 | 5.57 | 5.08 | 4.43 | 4.42 | – |
[1] Where there is no suitable benchmark bond, none is reported. See series description for details.[2] The spread between the 2 and 10 year swap rate is presented in basis points to better align with market conventions.
See the 30, 60 and 90 day rates move 5 points. The 30 and 60 day rates qualify for raise. The 1 year rate qualifies.
Brian Twomey
BRIAN TWOMEY ON TRADING 