Queensland state funding body QTC says it will extend duration of its borrowing

Comments out from Australia's QTC being carried by Reuters 22 Sept

• QTC plans to sell long-term debt to lock in attractive terms amid falling interest rates and a global hunt for yield
• sees growing appetite from US investors for its debt
• AUD debt offers cheaper funding than other ccys

QTC are amongst the largest Australian borrowers with around AUD 84bln of debt on issue.

AUDUSD currently 0.7639 still enjoying the ride higher but running into sellers at 0.7650.