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A lacklustre session for the space,....>

AUSSIE BONDS
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.
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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