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AUSSIE BONDS

Aussie bonds were also dragged lower by U.S. Tsys, YM -5.0, XM -10.0 at typing. The 12-Year point represented the softest area on the cash curve.

  • The local labour market continued to reveal positive news. Alongside the latest round of payrolls data, the ABS noted that "after a seasonal peak and fall across the summer months, payroll jobs at mid-March 2021 were slightly above the levels of a year earlier. By mid-March 2021, most state and territory payroll jobs had either reached or passed levels of a year ago. Tasmania and Victoria were the exceptions."
  • Elsewhere, Volkswagen Financial Services launched a 3- & 5-Year A$ senior unsecured benchmark transaction, which is set to price today.
  • A$2.0bn of ACGB 1.00% 21 November 2031 supply, private sector credit and building approvals data headline locally on Wednesday.
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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