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U.S. Tsy Impetus & A$ Issuance Eyed, AU/U.S. 10-Year Spread Sub-0%

AUSSIE BONDS

Aussie bonds have seen the impetus from the U.S. Tsy space spill over, resulting in some relatively light pressure, with one eye also on a flurry of A$ semi and corporate deals. YM -1.0, XM -3.0, with the latter struggling for meaningful momentum through its SYCOM lows, for now. The prospect of relatively imminent RBA easing continues to cushion AU 10s vs. their U.S. Tsy counterpart, allowing the AU/U.S. 10-Year yield spread to settle just below 0bp early this week.

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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