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VIEW: In terms of yesterday's tweak from the....>

RBA
RBA: VIEW: In terms of yesterday's tweak from the RBA, re: collateral
eligibility for repo ops, CBA note that "by lowering the minimum criteria to
issuers with an average credit rating of BBB- from A-3. This allows more bonds
to be captured by the RBA's repo system (subject to haircuts). We see this as
being helpful for the corporate bond market in terms of narrower spreads,
freeing up balance sheets, helping to open the door for issuers to come to
market domestically."
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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