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Aussie bond futures have given back....>

AUSSIE BONDS
AUSSIE BONDS: Aussie bond futures have given back some gains after failing to
extend through yesterday's high at 97.375 amid a recovery in risk appetite led
by Chinese stocks. Down trendline resistance from the Sep highs comes in at
97.40, and the broader bearish trend remains intact below here. 
- 10-year cash yields have failed to mount a reversal and continue to trade down
on the day at 2.619%. This has sent the AU-US spread to fresh 2-week lows at
44.4bps. 
- The Australia 3s-10s curve is off its lows last at 57.55bps but the downtrend
remains intact. 
- Real 10-year yields have seen some upward pressure from the continued fall in
breakevens. 
- The data docket has been light today with a fall in construction work done the
only highlight and Aussie markets will likely take their lead from upcoming
US-China trade talks. 

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