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The space has taken a hit on the.......>

AUSSIE BONDS
AUSSIE BONDS: The space has taken a hit on the back of the aforementioned APRA
proposals re: amending guidance on the serviceability assessments that
authorised deposit-taking institutions (ADIs) perform on residential mortgage
loan applications. Futures trade off of worst levels, but volume picked up
sharply.
- YM last trades 3.0 ticks lower with XM -1.5 ticks. YM/XM has flattened a touch
on the move, to last trade at 44.5 ticks, with the cash equivalent at 41.9bp.
- Bills and IBs took a hit on the headlines, with the Bill strip last trading
2-4 ticks lower through the reds.
- 5% chance of pricing of a rate cut pulled out of June OIS since the headlines
hit, now seen as 50/50 chance.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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