Nothing new in the bond market but the news is trickling thru into the FX market. The Australian Office of Financial Management(AOFM) is expected to issue A$1 Bln or more at 3% maturing 2025 in inflation linked bonds which the government will abolish a 10% withholding tax levied on foreign holders. Analysts expect offers of at least A$3 Bln, well oversubscribed. Talk is that this is lending support to the AUDUSD.
WSJ story here
