Free Trial

The defensive feel to start the week...>

AUSSIE BONDS
AUSSIE BONDS: The defensive feel to start the week is allowing the modest
flattening seen during SYCOM trade to extend in early Sydney dealing, YM last
unchanged, XM +3.0.
- Migration matters (both political and economic) have occupied the bulk of news
flow.
- On the semi front, BBG cover NSWTC matters, with NSTWC noting that last week
saw it issue "a new 2041 bond of A$450m and increased its 30-year Eurobond,
taking the outstanding issue to EU190m and bringing its total term funding
raised by TCorp since late March to A$10bn."
- Monday will see local matters headlined by building approvals, ANZ job ads and
Melbourne Institute inflation data, as well as A$1.5bn worth of ACGB 3.25% 21
Apr 2025 supply. Participants will also be on the lookout for RBA ACGB purchases
after Thursday saw the Bank skip purchases (reasoning has been discussed
previously and front-run by RBA rhetoric).
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.