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NAB note that (JEFU) "growth in........>

AUSSIE BONDS
AUSSIE BONDS: NAB note that (JEFU) "growth in outstandings implies that weekly
AOFM tender issuance for Treasury bonds and Treasury notes could end up being at
the lower end of the ranges provided in the 2020-21 Issuance Program Guidance
which the AOFM published on July 3rd. Overall the outlook is not too dissimilar
to market expectations and so the impact on bond yields should be limited."
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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