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Aussie bond futures held flatter in....>

AUSSIE BONDS
AUSSIE BONDS: Aussie bond futures held flatter in Sydney trade, with XM
extending on its overnight high on the back of solid ACGB '32 supply and in the
wake of awful preliminary domestic retail sales figures. YM unch., XM +3.0 at
typing.
- There was also some focus on tomorrow's ACGB coupon payments (totalling over
A$3.0bn), as well as foreign issuers stepping into the Kangaroo space, as some
of the x-ccy basis metrics stabilise at what are still attractive levels if we
discount the March vol. Kexim Bank launched 3-Year A$ floating and/or fixed,
while Canada's Alberta province tapped it's A$ '30 line. In terms of local
corporate issuance, Macquarie mandated for 10NC5 subordinate paper.
- Also worth flagging that the RBA once again chose to refrain from conducting
bond purchases today.
- Flash PMI data, a panel discussion including RBA Governor Lowe & Note supply
from the AOFM headline on Thursday.
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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