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Syndication Dominates

AUSSIE BONDS

ACGB Nov '32 syndication-related hedging resulted in above average activity for XM, and pressure on the Aussie bond space. This was the dominating factor with nothing in the way of tangible input from the latest round of ABS payroll data and the NAB business survey. Futures edged away from lows after the official pricing announcement, with YM -2.0, XM -3.0 at typing.

  • The monthly Westpac consumer confidence reading headlines the local docket on Wednesday, while the latest RBNZ monetary policy decision will be delivered across the Tasman. A reminder that the local monthly labour market report is due to be released on Thursday.
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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