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AUSSIE BONDS

Aussie bonds moved in a similar manner to U.S. Tsys with a widening and elongation of Sydney's indoor mask-wearing order implemented as the latest COVID cluster grew providing the major headlines on the local front. Futures sit shy of best levels, with YM last printing unch. and XM -7.0 on the day.

  • Elsewhere, a recommendation from RBC re: receiving AU 1Y/1Y Swap rates vs. the U.S. equivalent garnered some interest.
  • Wednesday will bring the release of the flash IHS Markit PMIs, preliminary trade balance data, an address from RBA's Ellis & A$1.0bn of ACGB 1.25% 21 May 2032 supply.
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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