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The well documented offshore...........>

AUSSIE BONDS
AUSSIE BONDS: The well documented offshore developments added pressure to the
space, although futures operate off of lows. YM -3.5, XM -4.5. YM/XM sits at
22.5, with the cash equivalent at 21.4bp.
- NSW T-Corp priced A$1.75bn worth of 1.0% Feb 2024 paper at 3-Year futures
+31bp, or 31.3bp over the nearest equivalent ACGB.
- Bills deal 2-4 ticks lower through the reds.
- Local trade balance data had no real impact on the space.
- Tomorrow's docket is limited, with focus on the AOFM's weekly issuance
schedule.
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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