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Issuance At The Fore

AUSSIE BONDS

The curve runs steeper in early Sydney trade, given the moves seen in U.S. Tsys during NY hours, with YM unch. and XM -3.5, the latter sitting just off its overnight lows. Cash ACGB trade sees a similar dynamic in play with swap spreads unch. to tighter across the curve.

  • Locally, PPI and private sector credit data is due to be released on Friday, while the AOFM will auction A$2.5bn of ACGB 0.25% Nov '24. Elsewhere, eyes will fall on the AOFM's weekly issuance slate, with participants on the lookout for a potential announcement re: the syndication of a new ACGB Nov '32 line. Pricing of QTCs benchmark Aug '32 line is also expected.
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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