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RBA Glossary definition for IRS
IRS – Interest rate swaps
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Semi-Annual Statement on Monetary Policy
5 Aug 2003
SMP
PDF
23KB
The possibility that the utilitywill be fully privatised after the next federalelection may also have underpinned demandfor IRs. ... IRs have traded at a premium of 100 percent to the issue price.
https://www.rba.gov.au/publications/smp/1998/may/pdf/box-b.pdf