Economy

NZ 2-year swap falls to record low

New Zealand's two-year swap rate fell to a historic low after weaker-than-expected jobs numbers spurred investors to price in a greater chance of a rate cut.

The two-year swap fell as low as 1.7980 percent and recently traded at 1.8175 percent versus 1.8980 percent Tuesday ahead of the public holiday. The rates fell after Statistics New

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