November 11, 2022 00:52 GMT
Off Best Levels
AUSSIE BONDS
YM & XM pull back from their early Sydney peaks after the former failed to breach its overnight high. This comes amidst a wider pullback from best levels across the ACGB curve, with the major benchmarks running 5.5-13.0bp richer on the day, as the early bull steepening theme remains intact.
- In terms of semi-issuance, NSW has mandated banks for a new Feb-35 line, which will be benchmark in size.
- Participants look ahead to the release of the weekly AOFM issuance slate, which will cross at the top of the hour.
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