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Aussie bond futures have softened,.....>

AUSSIE BONDS
AUSSIE BONDS: Aussie bond futures have softened, YM last trades 2.5 ticks lower,
with XM 1.5 ticks worse off, leaving the curve flatter vs. settlement.
- The spill-over from U.S. Tsys overshadowed local data releases. AiG m'fing PMI
returned to expansionary territory, while the final CBA equivalent showed a
slower expansion than the flash est. The CoreLogic House Price Index was +0.1%
M/M vs. the prev. -0.1%, the first uptick in the headline since Aug '17. Terms
of trade was looked through by participants.
- Bills trade 1-4 ticks lower through the reds. There was a seller of IRM0U0 at
0.00 overnight.
- Focus tomorrow turns to retail sales & PPI, as well as ACGB supply and the
weekly AOFM issuance announcement.
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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