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Narrow, Japan Offloaded Aussie Paper In feb

AUSSIE BONDS

Futures continue to operate in narrow ranges, with headline flow light at best. YM +0.5, XM +1.0. One point of note is that Japanese investors shed a record net Y643bn of Australian bonds in the month of February, per Japan's latest round of BoP data, representing the first monthly round of net selling witnessed since Feb '20 (this comes after a record annual net purchase amount in calendar 2020).

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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