On 16 July, the Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) launched its new May 2041 Treasury bond benchmark syndicated transaction. The forthcoming deal is being marketed at 39.5-44.5 basis points over the implied bid yield for the primary ten-year Treasury Bond futures contract. Pricing is expected on the day after launch.
In the 2018 iteration of the KangaNews Fixed-Income Research Poll, Commonwealth Bank of Australia (CommBank) maintained the dominant position it has established in recent years. The CommBank team sat down with KangaNews to reflect on the market-shaping factors of the past 12 months and to reveal the main watch points.