Domestic investor appetite strong as corporate market gears up for 2011

With the Australia Day holiday halting the market mid-week, the only recent issuance activity in Australia was a Kangaroo launch by KfW Bankengruppe (AAA/Aaa/AAA). However, with the first domestic corporate bond of 2011 pricing unusually early in the year last week, many fund managers say they are waiting for the opportunity to snap up more paper from that sector.