Via the AFR:
Westpac’s head of rates strategy Damien McColough said that given Dr Lowe’s comments it was now time to search out the right bonds.
…”We have preferred the 2027 maturity as it is cheap on an asset swap basis, relative to the bonds around it and, having left the 10-year futures basket, there are sufficient bonds outstanding for the Australian Office of Financial Management to look elsewhere for future issuance.”