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A quiet start for the space after......>

AUSSIE BONDS
AUSSIE BONDS: A quiet start for the space after futures tracked Tsys lower on
SYCOM, largely aided by strong U.S. economic data.
- The latest AiG PMI data indicated that the expansion of the Aussie m'fing
sector accelerated in February, while the CBA equivalent was pretty steady in
terms of the headline rate of expansion. Elsewhere, the CoreLogic house price
Index declined by 0.9% vs. the prev. 1.2% fall.
- YM last -4.0 ticks, with XM -6.0 ticks. YM/XM deals at 48.5, with the cash
equivalent at 49.1bp.
- Bills run 1-4 ticks softer through the reds. 3-Month BBSW fixed marginally
higher today, bringing the record 25-day streak of lower fixes to an end. RBA
repo ops saw A$1.81bn worth of 17-day ops dealt at an average of 1.803%, while
A$1.585bn worth of 63-day ops were dealt at an average of 2.030%.
- Focus today will fall on the AOFM's weekly issuance schedule & Chinese Caixin
manufacturing PMI data.
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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