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Awaiting A Trigger

AUSSIE BONDS

The space is little changed from the previous update, YM -1.0 and XM -2.5, with the latter off session lows, in line with U.S. Tsys. The Q&A portion of RBA Assistant Governor Kent's latest appearance reaffirmed the Bank's well-known views on several key areas of monetary policy. Elsewhere, A$1.0bn of ACGB Jun '31 supply saw the average yield price ~0.6bp through prevailing mids at the time of supply, representing a smooth passage.

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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