Signs of life in Australian market as issuance returns

There are indications that the Australian market is picking itself up off the canvas, with a small flow of primary market issuance, well-received budgets from the two biggest state borrowers and positive Chinese economic data all boosting confidence in the week to June 11. One semi-government, two supranational, sovereign and agency (SSA) Kangaroos and a big four bank have completed deals this week.