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Late Thursday saw CBA note they have...>

AUSSIE BONDS
AUSSIE BONDS: Late Thursday saw CBA note they have "calculated the likely
3-month holding profit on the ACGB and Semis curves. There is very little to
distinguish the 8-Year ACGBs from the 12-Year ACGBs, once this method is used.
The introduction of 5-Year futures will likely make the 7-Year more dear, we buy
the ACGB Apr '24/Nov '28/May '32 butterfly at 23.25bp, targeting a move to
0.0bp, with a stop at 30.0bp."
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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