Free Trial

Aussie Bonds were at the mercy of......>

AUSSIE BONDS
AUSSIE BONDS: Aussie Bonds were at the mercy of broader headline flow, with
little of note on the domestic agenda; outside of Moody's downgrading its
outlook for state governments from "stable" to "negative".
- YM closed -1.0 with XM unch. YM/XM a marginally flatter at 35.5, retracing
from extremes (33.5) as risk aversion waned on headline flow.
- The AOFM's weekly issuance schedule and flash CBA PMI readings headline
tomorrow's local docket.
- On the corporate issuance front Ford Motor Credit launched 5-Year A$ paper at
swaps ~+280, with Toyota Finance Australia mandating for a potential round of
senior A$ 1- &/or 3-Year issuance. Sumitomo Mitsui Financial issued A$750mn
worth of 3-Year FRNs.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.