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Weaker On Westpac 3-Year Yield Call

AUSSIE BONDS

A more upbeat assessment of the Australian economy from Westpac's Bill Evans, which was coupled by a call for 3-Year ACGB yields to hit 0.80% come the end of 2022, applied weight to the Aussie bond space. YM -2.0, XM -3.5 at typing. There may have also been some trans-Tasman pressure, with the RBNZ delivering another (expected) cut to its weekly LSAP purchase target. Elsewhere, we found out that next week's AOFM issuance slate is particularly light.

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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