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USDCAD TECHS

Fresh Lows Below 1.2062

AUDUSD TECHS

Extends This Week's Gains

JGB TECHS

(M1) Consolidating

EURJPY TECHS

Upside Extension Within Its Channel

US TSYS SUMMARY

Narrow Range Ahead April FOMC Minutes

AUSSIE BONDS
AUSSIE BONDS: The Australian Office of Financial Management (AOFM) will today
sell A$500mn of the 2.25% 21 November 2022 Bond, issue #TB153.
- The line was last sold on September 10 2018 for A$600mn. The sale drew an
average yield of 2.1168%, a high yield of 2.1175%, with 93.9% allotted at the
high yield and was covered 4.6833x. There were 32 bidders, 8 of which were
successful and 3 were allocated in full.
- The line has $14.5bn outstanding with a modified duration of 3.91 years.
- The Bond forms part of the futures basket for YMZ8.
- The line's yield has operated in a ~16bp range over the last month or so, last
sitting around the middle of that range at 2.179%.
- The line looks a little cheap against the nearby July 2022, but a little
expensive vs. April 2023 on both z-spread and ASW terms.
- Results due at 0200BST/1100AEST.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com