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Aussie bond futures are trading in.....>

AUSSIE BONDS
AUSSIE BONDS: Aussie bond futures are trading in quiet fashion today in lockstep
with the US, with the 10year sticking to a 4 tick range. The space saw little
reaction to the government's mid-year budget update that saw a cut in forecast
2018/19 budget deficit & a bigger forecast 2019/20 surplus. 10-year yields are
down 2bps on the day at 2.442%. The 1% rally in the stock market has also failed
to weigh on the space. 
- The 3s-10s is down 0.2bps at 47.4bps, off its lows but the bearish trend
continues with the April lows in sight. AU-US 10-year spread is down 0.2bps at
-45.0bps. 
- Aussie highlights this week include unemployment data due Thursday. Elsewhere,
the RBA is set to release its Dec meeting minutes tomorrow with markets pricing
in a long pause ahead. The US FOMC will also be closely watched. 

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