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AOFM Departs From The Norm, Semi Issuance Also Eyed

AUSSIE BONDS

The curve holds steeper in early Sydney trade, consolidating the moves seen in the final overnight session of last week, which followed the broader ebb and flow witnessed in the U.S. Tsy market.

  • That leaves YM unch., with XM -4.0.
  • Focus today moves to A$500mn of ACGB 4.50% 21 April 2033 supply, the longest (in maturity terms) of the 3 ACGBs on offer from the AOFM this week, with the AOFM departing from its recent norm of issuing one longer dated and one shorter dated bond in a typical week.
  • Elsewhere, SAFA has launched a tap (of up to A$1.0bn) of its May '34 line, which is expected to price on Tuesday of this week.
  • Monday will also bring the latest round of RBA ACGB purchases.
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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