Unusual jumps in wholesale and benchmark interest rates flash warnings to home loan borrowers - Interest.co.nz

Unusually large jumps in local wholesale swap rates, followed by an 11 year high for the main US Treasury benchmark, are putting mortgage borrowers on notice that they face even higher rates in the very near future

This note is to record that the jumps in wholesale rates in the past day or so are especially notable. Tuesday's 29 basis points leap in the one-year swap rate was the largest one-day gain since we … [+705 chars]

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