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A limited session noted for the........>

AUSSIE BONDS
AUSSIE BONDS: A limited session noted for the space after futures tracked Tsys
on SYCOM, finishing off of worst levels, with a modest risk-off bid then
creeping in during SFE trade. RBA's Harper spoke with MNI today, stating that
"if the labour market remains strong, then the next move is up rather than down,
even though such a move may be some way off," citing his personal view. Harper's
interview reiterated the stance he gave ahead of the first RBA MonPol decision
of 2019, and doesn't reflect the broader thinking of the RBA board, after the
formal adoption of a more balanced interest rate outlook earlier this month.
- Connect East Finance mandated for an A$ paper roadshow, Liberty Fin'l priced
A$200mn of 3-Year FRN at 3-Month BBSW +325bp, Virgin Australia priced A$250mn of
5-Year paper at 8.075%, while McDonalds priced up its 3-tranche round totalling
A$1.4bn. Also, QTC launched it's 2029 green line.
- YM -0.5 tick at writing, with XM -1.0 tick. YM/XM trades at 43.0, with the
cash equivalent at 43.6bp. Bills trade 1 tick higher to 1 tick lower through the
reds. RBA repo ops saw A$1.48bn worth of 10-Day ops dealt at an average of
1.740%, while A$1.761bn worth of 27-Day ops were dealt at an average of 1.751%.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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