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Local bonds surge as interest rates fall sharply

Markets now pricing in no rate hikes by Fed until towards the end of the year


LOCAL bond prices are hitting new highs as interest rates fall sharply.

In particular, the three-month swap offer rate used on commercial loans continued to plunge, down to 0.90 per cent on Tuesday; it's now almost 50 per cent down from the 1.76 per cent high on Jan 13....

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