Australian Dollar (AUD)

AUD Swaps: Spread correction compresses box; NatWest Kanga

The downward correction in long AUD swaps spreads is extending and flattening the 3s/10s box spread. NatWest issued a 3y Kangaroo Bond.

AUD Swaps: Offered after BoE and RBA; 3s/10s box flatter

Latest BoE tightening and a hawkish RBA tone fuel worries over economic growth and thus receiving in AUD swaps. The 3s/10s box flattens out.