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BBSW Dynamic Supporting The Shorter End

AUSSIE BONDS

Several desks that we have spoken to have pointed to today's record low fixing for 3-Month BBSW as the supportive factor for the shorter end of the curve during Sydney dealing, and a possible drive of receiver side flows in the swap space, all of which stems from the RBA's ultra-loose monetary policy setting pumping liquidity into the system (surplus funds lodged on E/S accounts at the RBA have moved towards all-time highs in recent days), with 3-Year ACGB yields registering a fresh all-time low in the process, at 0.091% (per BBG generics).

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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