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Aussie Bond futures have traded in a...>

AUSSIE BONDS
AUSSIE BONDS: Aussie Bond futures have traded in a limited fashion during SFE
trade, consolidating their SYCOM gains. YM +2.0, XM +2.5, leaving YM/XM at 35.5
and the cash equivalent at 33.6bp.
- Little in the way of local/broader news flow to drive matters, so price action
has been limited.
- Bills sit 1 tick lower to 3 ticks higher through the reds, allowing some
flattening of the strip.
- The AOFM issuance schedule looks a little light again next week.
- On the broader issuance front it is worth remembering that New South Wales Tsy
Corp. ('TCORP') mandated banks to arrange a series of fixed income investor
meetings starting Oct. 31. An AUD Sustainability bond transaction may follow,
subject to market conditions. Elsewhere, we heard that Virgin Australia is
considering A$ issuance, and will roadshow from Monday, while Woolworths has
mandated banks to hold investor meetings, which may result in A$ issuance.
- An address from RBA Governor Lowe and Australian CPI headline next week's
local docket.
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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