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Syndication Still Weighs

AUSSIE BONDS

Little in the way of a bounce for futures. ACGB Nov '32 syndication-related hedging is resulting in above average activity for XM, with that contract last printing -3.5 on the day, and potentially applying some pressure to the U.S. Tsy complex. No pricing for the syndication of the new ACGB Nov '32 as of yet, but you would expect the details to hit at some point over the next hour or so (based on previous syndication pricing announcements from the AOFM).

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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