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Free AccessA similar story for Aussie bond........>
AUSSIE BONDS: A similar story for Aussie bond futures, with little to wet the
whistle domestically, in addition to a fairly limited Asia-Pac session on the
headline front. YM & XM +0.5 as a result, with the latter edging away from SYCOM
lows as we moved through Sydney trade. Bills unchanged to +2 through the reds.
- PM Morrison noted that Australia is considering becoming a safe haven for
citizens of Hong Kong, which could act as the latest fuel on the fire re:
tensions with China.
- Elsewhere, Treasurer Frydenberg noted that the government has "no plans to
increase the GST and we've been pretty consistent on that."
- Australia's monthly trade balance data revealed a slightly narrower than
expected, but still extremely healthy, trade surplus, with exports and imports
both showing a narrower than expected M/M dip.
- Friday will see local retail sales data and A$2.0bn worth of ACGB '24 supply,
as well as the release of the latest AOFM weekly issuance schedule.
To read the full story
Sign up now for free trial access to this content.
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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.