Free Trial

It has been another sedate session.....>

AUSSIE BONDS
AUSSIE BONDS: It has been another sedate session for the space. A relatively
soft auction for a 10-Year futures basket constituent (given the smaller size
vs. the most recent auction of the line) weighed on the longer end of the curve,
promoting some modest steepening in the wake of the supply, although the move
has now moderated.
- YM last +1.5 tick & XM last +1.0 tick. YM/XM last 51.5, with the cash
3-/10-Year yield differential at 48.8bp. The AU/U.S. 10-Year yield spread last
trades at -46.5bp.
- NTTC has priced $600mn of its 2.75 April 2027 line at EFP +67bp. Other
launches in A$ issuance, Alberta min A$50mn tap of its 2028 line, Council of
Europe Aug 2029 line at swaps +49bp, Municipality Finance Min A$20mn Long
10-Year at swaps +47bp, BNG Bank 10.5-Year min A$25min renewable energy
Kangaroo. KfW priced A$300mn tap of its 2024 line at swaps +42bp.
- Bills trade unchanged to 1 tick higher through the reds on light volume.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.