State panels continue to grow as BAML and BarCap become QTC dealers

In a further sign of the growing interest of international intermediary banks in the Australian semi-government sector, Bank of America Merrill Lynch (BAML) and Barclays Capital (BarCap) have been added to Queensland Treasury Corporation (QTC)'s fixed interest distribution group. Earlier this month, New South Wales Treasury Corporation (TCorp) expanded its own dealer groups with the addition of BNP Paribas.