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Off Lows, No Lasting Impact From Syndication Launch

AUSSIE BONDS

YM -0.5, XM -2.5 at typing, with little in the way of headline flow apparent (XM moving off lows alongside U.S. T-Notes). There was little reaction to the official launch of the syndication of ACGB Nov '32 (details flagged in an earlier bullet), with the initial price guidance generally around the firm to average end of broader market expectations. France's BPCE has mandated for new 5- & 7-Year AUD paper, while Rabobank Australia has mandated for 3-Year issuance. The announcement re: offer details surrounding scheduled RBA ACGB purchases is due shortly.

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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