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US EURODLR FUTURES

EDZ1/M2 Given

US EURODLR FUTURES

EDH2/U2 Given

AUSSIE BONDS

AOFM Weekly Issuance Slate

RBNZ

LSAP Purchase Target Cut

JGBS

Futures Back From Overnight Highs

AUSSIE BONDS

YM unchanged & XM +0.5 at typing, with the latter edging away from overnight lows in early Sydney trade, at least partially aided by fresh post-MYEFO issuance guidance from the AOFM, in which it knocked its ACGB issuance target for the current fiscal year down to A$230bn vs. around A$240bn previously (A$153.5 billion has been completed YtD). The AOFM reiterated that "specific guidance on weekly tender volumes together with plans for new Treasury Bond lines will be provided on 15 January 2021."

  • A reminder that yesterday's round of ACGB purchases from the RBA represented the last scheduled round of such purchases scheduled for '20, with the Bank set to resume its bond buying scheme in the new year.
  • There is little of note on today's domestic docket.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com