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Tight Ranges Ahead Of The Weekend

AUSSIE BONDS

Futures continue to hold to tight ranges, with YM -1.0 and XM -1.5 at typing. There were no surprises in the release of the AOFM's weekly issuance slate, meanwhile the latest round of ACGB Nov '24 supply saw a steady cover ratio as the weighted average yield printed 0.67bp through prevailing mids at the time of supply (per Yieldbroker). Elsewhere, the daily COVID case count out of NSW moderated back below 1.0K, pulling back from yesterday's all-time highs. On the data front July's retail sales print was marginally softer than expected. Still, these events haven't impacted the space.

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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