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Aussie Bond futures moved back from....>

AUSSIE BONDS
AUSSIE BONDS: Aussie Bond futures moved back from best levels, in sympathy with
broader risk-on flows stemming from the SCMP headline re: the top Chinese trade
envoy visiting the U.S.
- Up until then it had been a fairly limited session for the space, as Bond
futures operated around the early session highs.
- Aussie has underperformed Tsys on the move, with the AU/U.S. 10-Year yield
spread at ~-44.1bp, while the domestic 3-/10-Year cash yield differential traded
~1.4bp steeper at 63.5bp last.
- NSW raised A$1.8bn via its first ever green bond, while Toyota Finance
Australia has launched a 3- & 5-Year A$ bond offering.
- The white and red Bill contracts settled unchanged to 2 ticks higher.
- Local data, in the form of AU wage price indices & the labour market report,
will likely set the tone this week, with one eye on an address from RBA Dep.
Gov. Debelle, due Thursday.
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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