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A modest uptick in bond futures on.....>

AUSSIE BONDS
AUSSIE BONDS: A modest uptick in bond futures on the back of the latest round of
GDP partials, with net exports -0.2% Q/Q vs. exp of -0.1%, while the current
account deficit was narrower than exp. at A$7.2bn in Q4.
- YM & XM both trade +2.0 ticks, with YM/XM at 49.0 and the cash equivalent at
50.1bp. The AU/U.S. 10-Year yield spread trades at -55.8bp.
- Bills trade 3 ticks lower to 2 ticks higher through the reds, with some small
lifts noted in the IB space on the back of the releases.
- GDP partials continue to point to downside risks for tomorrow's GDP print.
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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