Prep your Bids
In my haste to churn out my expectations, I didn’t capture my expectations for the FXD1/2024/3Yr that closes on Wednesday. I instead highlighted the FXD1/2023/5Yr that closes next week, so let me bring it back to this week’s auction. Below are my current thoughts on where this week’s bonds will be priced:
- FXD1/2023/2Yr (1.2 years): 16.90% - 17.10%
- FXD1/2024/3Yr (2.6 years): 17.50% - 17.70%
- Expecting an oversubscription as the market historically favours short dated FXDs at auctions.
For your trading activities away from the primary, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
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