3 ms·
> All it means is that the central bank will probably leave interest rates steady, or even cut a bit, in 2022 or 2023. This event reflects the relative prefere
by aportnoy 8y ago
> All it means is that the central bank will probably leave interest rates steady, or even cut a bit, in 2022 or 2023.
This event reflects the relative preference of the markets for the 5 yrs compared to 3 yrs, producing lower effective yields. This is probably done to secure a certain rate for a longer period of time.