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AU bonds ignored the latest round of...>

AUSSIE BONDS
AUSSIE BONDS: AU bonds ignored the latest round of flash CBA PMI data, with YM
breaking the lower end of its recent range, before recovering from worst levels
on the back of the aforementioned light risk-off flows.
- YM -1.0, XM +0.5. YM/XM sits at 25.0 with the cash equivalent at 22.8bp.
- Bills deal 1-3 ticks lower through the reds. There was some light buying
interest in IRH0M0.
- Repo operations saw the RBA allot A$940mn of 18-day ops at an average of
1.174%.
- RBA Governor Lowe's address at Jackson Hole, scheduled for U.S. hours on
Saturday, is the only real event of note on the local docket during the
remainder of the week. The weekly AOFM issuance schedule will provide some
interest 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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