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The Australian Office of Financial.....>

AUSSIE BONDS
AUSSIE BONDS: The Australian Office of Financial Management (AOFM) will today
sell A$2.5bln of the new 2.50% 21 May 2030 Bond.
- The size of the tender falls in the mid to lower end of the range that was
expected by most, which means that it should be easily absorbed. The AOFM will
not be conducting any Bond issuance next week which should aid demand this time
out.
- RBC only favour buying the line "north of EFP+7bp, despite seeing "fair value"
a bit lower."
- Concession was noted across the curve on Thursday, with the domestic 3-/10-
Year yield differential steepening back above 61.0bp, while the AU/US 10 Year
yield spread narrowed to ~-14.0bp.
- Results due at 0200BST/1100AEST.

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