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* CORRECTS TO DEC FROM MAY: The........>

AUSSIE BONDS
AUSSIE BONDS: * CORRECTS TO DEC FROM MAY: The Australian Office of Financial
Management (AOFM) to sell A$500mln of 2.00% Dec 2021 bonds, issue #TB151.
- The line was last sold on July 21, drawing an average yield of 2.1996%,
covered 6.58x. The issue has A$29.29bln outstanding with a modified duration of
3.37 years.
- In the grey market the yield has fallen 1.8bp today to 2.116%.
- The auction of the 3.25% April 2029 paper on Wednesday saw weak demand
compared to previous issues. That issue is slightly rich on the curve at -4bp on
an ASW basis, but is near the high of its recent range on a Z-spread basis at
-4bp. 
- The 2.00% 2021 is trading at -8bp on an ASW basis, but also looks cheap on the
Z-Spread at -8bp, near the top of the 3-Month range.
- Results due at 0200 London/1100 Sydney.

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