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A similar story for Aussie bond........>

AUSSIE BONDS
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.
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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