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Off Best Levels After ACGB Auction

AUSSIE BONDS

Futures have firmed a little during early Sydney dealing, YM +0.7 & XM +3.1 at typing, with roll activity headlining thus far. Some trans-Tasman impetus in the form of a firmer NZGB space may have provided some early support.

  • Still, the space is off richest levels given the softer cover ratio and modest pricing of the weighted average yield through pre auction levels (0.13bp per Yieldbroker) in the latest round of ACGB Nov '31 supply.
  • The latest address from RBA Assistant Governor Kent didn't provide much in the way of market changing information.
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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