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CBA Like Buying 10s If Hit 1.75%, Or Cross Market Vs. Tsys At 30bp

AUSSIE BONDS

CBA have noted that "those with a medium-term outlook should look to buy 10-Year ACGBs at yields above 1.75%." They also note that "if 10-Year ACGBs reach 1.75% based largely on a U.S. sell-off, we might instead like to buy ACGBs against U.S. Tsys. We would also be buying 10-Year ACGBs against U.S. Tsys if the spread widens to 30bp."

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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