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Aussie Bonds also edged lower on the...>

AUSSIE BONDS: Aussie Bonds also edged lower on the North Korea headlines, after
AU Bonds tracked U.S. Tsys on SYCOM, largely driven by Brexit related news flow.
- The domestic 3-/10-Year cash yield differential hovers just above ~56.0bp,
running a little steeper on the day, while the AU/U.S. 10-Year yield spread sits
near enough unch. at ~33.5bp.
- The Bill strip deals 1 tick lower to 1 tick higher last. 3-Month BBSW fixed
~0.25bp higher today.
- Corporate issuance has continued at a healthy clip, with Paccar Financial
launching a minimum of A$100mn worth of 4-Year Notes & Suncorp Metway launching
a new A$ benchmark covered bond package. Both lines should price later today.
Kommunalbanken also priced a A$50mn tap of its April 2021 Kangaroo Bond. -
Sovereign issuance generates the largest interest on the docket over the next 2
sessions with the AOFM set to sell A$1.0bn worth of 2.50% 21 May 2030 Bonds
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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