Longer Term Fixed Interest Rates Rise

ANZ is out this afternoon with a rise in 2,3,4 and 5 year fixed interest rates effective tomorrow.

3 years fixed goes to 5.95% from 5.80% and 5 years fixed to 6.45% from 6.30%.

This follows on from ASB raising 3,4,and 5 year fixed interest rates last week.

10 year treasury yields in the States took off like a scalded cat last week from mid ones to mid twos and our own 5 year swap rate at the time of writing up today at 4.06%.