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Growth

13-year high for swap rate

by Staff Reporter•Thursday, 21 Feb 2008•3 minute read
The Adviser

The cost of funding is going anywhere but down, with the three-month bank bill swap rate surging yesterday.

The swap rate reached 7.81 per cent – the highest rate in 13 years, according to The Australian Financial Review.

The three-month bank bill swap rate has now risen by more than 0.60 per cent since the beginning of the year.

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Published: 21-02-08

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