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Aussie Bond futures have stuck to a....>

AUSSIE BONDS
AUSSIE BONDS: Aussie Bond futures have stuck to a tight range, with U.S. cash
Tsys closed for a Japanese market holiday.
- Bonds have failed to benefit from the weekend headlines which noted that China
has pulled out of the upcoming scheduled trade talks with the U.S. amid
escalation of tariff threats.
- The domestic 3-/10-Year yield differential continues to hover around 59bp.
- The repo market continues to exhibit the signs of quarter end tensions, with
rates treading higher again today. 3-Month BBSW fixed 1bp higher today, but
still lags the move seen in repo thus far in the cycle.
- The Bill strip trades unchanged to 2 ticks higher last.
- The AOFM's auction of A$800mn of the 2.75% 21 November 2029 Bond was easily
absorbed with the cover ratio holding up and tail holding steady.
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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