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Free AccessA lacklustre session for the space,....>
AUSSIE BONDS: A lacklustre session for the space, as risk events tailed off
after a front-loaded week in terms of the regional docket.
- Bond futures had a look below SYCOM lows, with reports of a >6.0K block trade
at 98.100 in XMM9 noted, but follow through has been lacking. YM last trades 4.0
ticks lower on the day, with XM 6.0 ticks worse off. YM/XM trades at 50.0, with
the cash equivalent at 45.1bp. The AU/U.S. 10-Year yield spread trades at
-62.1bp.
- Bills trade 1-4 ticks lower through the reds. RBA repo operations saw A$1.26bn
worth of 32-day ops dealt at an average yield of 1.883%.
- Focus tomorrow moves to supply, with the AOFM set to auction A$900mn of the
2.50% 21 May 2030 bond, though rhetoric and headlines surrounding the ongoing
U.S.-China trade talks will provide headline risk overnight.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.