Free Trial

The AOFM notes "improving fiscal.......>

AUSSIE BONDS
- Bonds & Currency News | Market News" >
AUSSIE BONDS: The AOFM notes "improving fiscal outlooks and smaller bond
issuance programs has led the AOFM to return to a more active T-Notes program.
T-Notes are used to manage the Government's cash balances and are a more
flexible funding tool than TBs for managing the within-year peaks and troughs in
the cash cycle. Issuing T-Notes to fund short-term asset balances is usually
less costly than using TBs, although having very large amounts of T-Notes
outstanding could attract elevated refinancing risk in limited circumstances
where financial markets were extremely volatile. Future issuance plans will
depend on several factors, including changes to the pattern of the cash cycle,
changes in the fiscal position and funding outlook, as well as investor
preferences for T-Notes compared to other investments."
- Link: https://tinyurl.com/yy7aor3t
- Bonds & Currency News | Market News" >
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.