FED: US TSY TO SELL $68.000 BLN 26W BILL MAY 19, SETTLE MAY 22

• US TSY TO SELL $75.000 BLN 8W BILL APR 17, SETTLE APR 22

• US TSY TO SELL $60.000 BLN 17W BILL APR 16, SETTLE APR 22

Prime Minister Anthony Albanese's centre-left Australian Labor Party (ALP) continues to poll strongly as the second leaders' debate approaches on 16 April ahead of the 3 May general election. Since hitting a recent nadir in support in February, the ALP has seen its support surge at the same time as that for the main opposition centre-right Liberal/National party coalition (L/NP) has collapsed. The ABC debate (starting 0600ET/1100BST/2000AEST) will be the first of the 'official' election period, with both the ALP and Coaliton launching their campaigns on 13 April. 

• The five polls conducted since the first debate on 8 April have all shown the Coalition's primary vote down in the low-30's, compared to high-30's/low-40's in Feb, while the ALP is bolstering its position in the two-party-preferred-vote (2PPV, see chart below). The 2PPV shows the outcome of the poll once all of the preferences have been distributed.
• While 2PPV polling assumes a two-party system (which Australia is not given the presence of the left-wing Greens, right-wing One Nation Party, and independents), the surge in support for the ALP would indicate that an increasing number of respondents opting for the Greens or independents in their primary vote are selecting the ALP high up in their preferences. 

Chart 1. General Election Opinion Polling, by Primary Vote (LHS) and 2-Party-Preferred-Vote (RHS), % and 6-Poll Moving Average

Source: Essential, Roy Morgan, Resolve Strategic, YouGov, Newspoll, Redbridge/Accent, Freshwater Strategy, DemosAU, ANU, MNI