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ThinkTank Interest Rate Outlook Wk 25 2008

Mon, 2008-06-16 16:48 — Broker

Rates continued to boil upwards early last week and then fell backwards sharply to where they began the week. Fixed rates also fell back and are now slightly below where they were at the time of the last report.

BBSW30 is at 7.6900% with BBSW90 at 7.8467%. In a rising to high interest rate climate, this gap of about 0.15% between the 30 day and 90 day rates is roughly where the “normal” split has been over time.

Fixed rates are ranging between 7.98%-8.14%.




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