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10s lead The Weakness On Global Spill Over

AUSSIE BONDS

The impulse from the wider core global FI space pressured Aussie bond futures overnight, leaving YM -10.5 & XM -13.5 in early Sydney dealing, edging away from their respective post-Sydney bases.

  • The broader ACGB curve sees underperformance for the 7- to 12-Year zone, with the major benchmarks running 10-14bp cheaper.
  • Bills sit 4-11bp cheaper through the reds, with RBA dated OIS nudging higher, pricing a terminal rate of 3.70%. This comes after a tick higher in FOMC dated OIS on Wednesday
  • Monthly trade balance data headlines the domestic docket on Thursday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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