On 25 February, Queensland Treasury Corporation (QTC) (AA+/Aa1/AA) launched a new July 2034, Australian dollar denominated, syndicated, benchmark deal. Indicative price guidance for the forthcoming deal is 82.5-86.5 basis points area over 10-year futures contract, equivalent to 62.1-66.1 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to Citi, Deutsche Bank and Westpac Institutional Bank.