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Issuance Matters Dominated, Heavy RBA Slate Now In View

AUSSIE BONDS

Little to pen for the Aussie bond space outside of the earlier flagged hedging flow surrounding QTC's A$3.0bn Aug '32 issuance, with a subsequent unwind after the AOFM failed to announce the syndication of a new ACGB Nov '32 within next week's issuance schedule. That left the space steeper, drifting after the two aforementioned swings. YM unch. and XM -5.0 at the close, with the latter 1.0 off of worst levels. Swap spreads narrowed across most of the curve.

  • Next week brings a heavy RBA schedule with the first decision of '21 due on Tuesday, addresses from Governor Lowe slated for Wednesday & Friday, as well as the release of the latest SoMP, also on Friday.
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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