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Short-Lived Pressure For XM On ACGB Dec-34 Syndication Announcement

AUSSIE BONDS

The AOFM’s announcement re: its intent to issue the new ACGB Dec-34 via syndication next week applies some brief pressure to XM futures, although the overnight/early Sydney lows in the contract held, before it bounced back towards pre-syndication announcement levels, to last print -5.0. A quick reminder that the AOFM had previously outlined its intention to introduce the ACGB Dec-34 in the current quarter.

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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