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AOFM The Only Game In Town Today

AUSSIE BONDS

The AOFM announced that next week will see the syndication of the new ACGB Sep '26 line, with the resulting pressure more than outweighing the impact of a firm round of ACGB Nov '24 supply (which saw participants rush for exposure to the line, owing to the rolldown opportunity facilitated by the RBA's 3-Year yield target).

  • YM -3.0, XM -4.0, with the cash space also bear steepening, building on the impetus witnessed in SYCOM hours.
  • Bills sit 1 to 3 ticks lower through the reds.
  • A speech from RBA Deputy Governor Debelle (on "The Australian Economy and Monetary Policy"), due Tuesday, headlines the local docket next week.
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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