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Firmer On the Day, But Off Highs. QLD Lockdown Has No Real Impact

AUSSIE BONDS

The Aussie bond space looked through the imposition of tighter COVID restrictions in areas of Queensland over the coming days, leaving YM +1.0 and XM +5.0 at typing.

  • Longer dated ACGBs currently print ~5.5bp richer on the day in cash trade.
  • There has been little to note outside of the early spill over from U.S. Tsys and developments on the local COVID front. On the latter, the NSW Premier outlined the state's business support scheme, which aims to fight off some of the headwinds that companies operating in the state will face.
  • On the SSA issuance front a A$200mn tap of the EIB's Aug '24 line priced.
  • Private sector credit data headlines the local docket on Wednesday.
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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