With primary vanilla issuance at a virtual standstill for the third week in a row, intermediaries say secondary market activity has also slowed significantly with a lack of action on the buy and sell sides. However, confidence in Australian assets remains high with reports of offshore flows into local sovereign and semi-government paper even as the Australian dollar has experienced notable downward pressure. And market participants report continued demand for supranational, sovereign and agency (SSA) Kangaroos from Asian investors.