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Bid Holds

AUSSIE BONDS

Most of the early bid holds with little in the way of outright explanations offered/observed re: the move higher. YM +2.8, XM +4.6, while the longer end of the cash ACGB curve has firmed by ~5.0bp. On the re-opening front a Yahoo Finance interview has confirmed that "Qantas has scheduled flights to London, Los Angeles, Vancouver, and Singapore to commence from 18 December." This is inline with rough timelines that had been outlined previously, resulting in no tangible market impact. Chinese economic activity data is up next at the top of the hour.

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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