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Narrow Since The Close, ACGB Supply Eyed

AUSSIE BONDS

Futures held to a relatively narrow range during overnight trade, looking to U.S. Tsys for their lead, resulting in the space printing a little steeper vs. Sydney closing levels at typing, with YM -1.0 and XM -2.5.

  • Looking to Wednesday's local docket A$1.0bn of ACGB 1.50% 21 June 2031 supply and the latest address from RBA Assistant Governor Kent headline, although the latter has the topic of "Small Businesses Finance in the Pandemic," which leaves limited scope for anything in the way of tangible market impact, especially in the wake of the recent deluge of RBA communique.
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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