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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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AUSSIE BONDS: A very limited session for Aussie Bond futures, which have traded
around SYCOM closing levels during the entirety of the session thus far. Little
to no reaction in the space to the latest house price data & NAB biz. survey.
- YM/XM last 50.25, with some modest long end outperformance noted, while the
cash 3-/10-Year yield differential last trades at 51.2bp as a result.
- White & red Bills trade unchanged to 2 ticks lower last.
- 3-month BBSW fixed 0.3bp higher today at 1.9884%. RBA conducted 24-day reverse
repo ops at 2.104%, 45-day reverse repo ops were conducted at 2.100%.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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