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A quieter session for the space........>

AUSSIE BONDS
AUSSIE BONDS: A quieter session for the space today after RBA Governor Lowe
offered little new in his post-decision address late Tuesday. The IB strip now
prices a 45% chance of a follow up cut from the RBA next month. Will the RBA go
on Melbourne Cup day?
- Bonds edged back from best levels during SFE trade after 3-Year yields
registered a fresh all-time low, with the latest round of ACGB 1.50% 21 Jun 2031
supply seeing a luke-warm reception. 
- YM +2.5, XM unch.
- Also worth noting that TCV priced a A$605.35mn tap of its 2034 line at +57.5bp
vs. ACGB 21/06/35/ +87bp vs. futures (launched at +85-88 vs. futures yesterday).
- Bills 1 to 3 ticks higher through the reds.
- Monthly trade data headlines the docket tomorrow.
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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