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Steeper In Wake Of Light JGB Pressure & Supply Burden

AUSSIE BONDS

The curve runs a touch steeper, with the major cash ACGB benchmarks sitting 2.5-4.5bp cheaper across the curve as the impetus from a cheaper JGB space and next week’s uptick in ACGB supply from the AOFM (including an auction of ACGB Mar-47) flagged in an earlier bullet applies some pressure. Domestic headline has been very limited thus far.

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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