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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
- Concession was noted 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
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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