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APAC Credit Mixed, NAB Prices 15NC10 Tier 2 At +200

CREDIT UPDATE
Credit BulletsBulletHomepagemarkets-real-timeCredit
  • It was a slow session in Global rates today, US tsys futures edged slightly higher, ACBG curve flatter, yields are 0.5-1.5bps lower, NZGB curve is little changed, yields are about 3bps higher, while JGB curve is slightly steeper, yields are flat to 2bps higher with the 10Y now 1.031%.
  • Regional Asian equities are mixed today, ranges have been very tight and markets wait for UK & US markets for direction
  • Aus Corps 2-3bps tighter & Fins unch. China Credit is 1-3bps wider, Fins & Industrials are underperforming while SOE are 1-2bps tighter.
  • Aus iTraxx CDS unchanged at 63bps & Asia Ex-J iTraxx is down 1bp at 91.50bps
  • Data: NZ Filled Jobs for April were 0.1% vs 0.3% revised in March, AU Retail Sales were 0.1% vs 0.2% est, Japan PPI Services were 2.8% y/y up from a revised 2.4% in March vs 2.3% est.
  • Primary Deals: NAB announced a A$ 15NC10 T2 priced at ASW +200bps, while Auckland Airport 7.5Y priced at ASW+122bps
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  • It was a slow session in Global rates today, US tsys futures edged slightly higher, ACBG curve flatter, yields are 0.5-1.5bps lower, NZGB curve is little changed, yields are about 3bps higher, while JGB curve is slightly steeper, yields are flat to 2bps higher with the 10Y now 1.031%.
  • Regional Asian equities are mixed today, ranges have been very tight and markets wait for UK & US markets for direction
  • Aus Corps 2-3bps tighter & Fins unch. China Credit is 1-3bps wider, Fins & Industrials are underperforming while SOE are 1-2bps tighter.
  • Aus iTraxx CDS unchanged at 63bps & Asia Ex-J iTraxx is down 1bp at 91.50bps
  • Data: NZ Filled Jobs for April were 0.1% vs 0.3% revised in March, AU Retail Sales were 0.1% vs 0.2% est, Japan PPI Services were 2.8% y/y up from a revised 2.4% in March vs 2.3% est.
  • Primary Deals: NAB announced a A$ 15NC10 T2 priced at ASW +200bps, while Auckland Airport 7.5Y priced at ASW+122bps