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Reporting on key macro data at the time of release.
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AUSSIE BONDS: Aussie Bond tracked the impetus from the Tsy space on SYCOM, and
have recovered from early gap lows in Sydney dealing. YM -0.5, XM -1.5, with
YM/XM sitting at 36.5, 1.5 ticks steeper.
- Bills print unchanged to 1 tick lower through the reds.
- PPI & private sector credit data are due today, along with the AOFM's weekly
issuance schedule, which will reveal the details of the first tap of ACGB 1.25%
21 May 2032.
- Beyond that, focus falls on next week's RBA decision (expect our full preview
to be released on Monday).