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Little Changed After Early Bid

AUSSIE BONDS

The Aussie curve looked to matters abroad, unwinding its early flattening to sit near unchanged vs. yesterday's settlement levels on the back of the previously flagged Biden stimulus plan chatter, with YM +0.5 & XM +1.0 come the bell. This comes after the latter firstly consolidated and then marginally extended on overnight gains in early Sydney trade. Swaps were wider vs. cash ACGBs across most of the curve, with cash ACGBs showing some light twist steepening.

  • There has been very little notable local news flow
The AOFM's funding update/next week's issuance task provide the highlights 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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