-Swap spread set to widen in US.
Global Banking News - 15 November 2012
'The swap spread was at 8 basis points on October 17 and is expected to increase to 17 basis points, according to Bank of America predictions.
The highest swap for 2012 was in January, when it was at 49 basis points. The October 17 figure of 0.08 percent was the lowest since 1988. Swap spread refers to the difference between the two-year swap rate and the comparable maturity treasury note yield.
Short-term treasury demand is expected to go up because of regulatory changes and the termination of temporary deposit insurance on certain bank accounts.
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|Publication:||Global Banking News (GBN)|
|Date:||Nov 15, 2012|
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