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The Australian Office of Financial.....>

AUSSIE BONDS: The Australian Office of Financial Management (AOFM) will today
sell A$150mln 1.25% Aug 2040 inflation linked bonds, issue #CAIN413.
- The line was last sold on July 18 for A$150mln, the sale drew an average yield
of 1.1158% and was covered 3.57x.
- The issue currently has A$2.8bln outstanding with a modified duration of 19.64
- On CPI/Inflation ANZ say: "We expect the Q3 CPI data (to be released on
Wednesday 25 October) to confirm that inflationary pressures are gradually
lifting. Our forecast is for headline CPI to rise by 0.8% q/q, sharply higher
than the previous quarter, but largely lifted by electricity and gas prices. A
result in line with our forecast would see annual inflation rise to 2.0% y/y.
The average of the underlying inflation measures is forecast to have risen by
0.4% q/q in Q3, weaker than the previous quarter, but still sufficient to lift
annual growth a touch."

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