IRS rates rise across most tenors ahead of the rate-setting committee meeting
13On the first day, IRS rates rose across most tenors. The backdrop was the widening military confrontation between the United States and Iran and the sharp jump in international oil prices, and as of afternoon 4hour27minute, major maturities, including the short end, all moved higher.
13On the first day, IRS rates rose across most tenors. With the rate-setting committee meeting ahead, movements in the bond market drew even more attention.
The widening military confrontation between the United States and Iran and the sharp rise in international oil prices were cited as the background for the rate increase.
Here are the changes and levels by major maturity as of afternoon 4hour27minute.
| Maturity | Change (bp) | Level (%) |
|---|---|---|
| 1 years | +1.75 bp | 3.4250% |
| 3 years | +3.00 bp | (level: not specified in the article) |
| 5 years | +2.75 bp | (level: not specified in the article) |
| 10 years | +3.00 bp | (level: not specified in the article) |
A bond dealer at a commercial bank said, "The offers and bids were not heavily skewed and were fairly well balanced on both sides."
The same dealer said, "At this level of interest rates, market participants were weighing each other up in a tug-of-war while making rational judgments."
Trading was relatively active in the afternoon, and the time cited in the article was around 4o'clock 27minutes.
Sources: 연합인포맥스
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