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Little Changed Early On

AUSSIE BONDS

A relatively limited macro backdrop combined with the observance of a U.S. holiday made for very quiet overnight trade, with YM -0.5 and XM +0.5 at typing.

  • Early trade has seen TCV launch its new Nov '25 benchmark bond, with the line expected to price tomorrow morning.
  • Weekly ABS payrolls data headline locally today, while the weekly ANZ-Roy Morgan consumer confidence print was little change w/w. Re: the latter, the collators noted that "Consumer confidence was close to unchanged over the weekend, consolidating at an above neutral level – though below the long-run average. Sentiment is higher than a year ago, but the comparison reflects the impact of the bushfires in late 2019 and early 2020. Within the detail, 'future financial conditions' stood out with a gain of 2.4% and remain well above the long-run average. Inflation expectations have pulled-back a touch from their recent high."
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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