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Aussie bond futures operate just.......>

AUSSIE BONDS
AUSSIE BONDS: Aussie bond futures operate just above worst levels after the
broader risk-on flows surrounding Sino-U.S. trade optimism and the weekend's
stronger thane expected official Chinese PMI data weighed on the space in early
trade.
- Elsewhere, the latest CoreLogic house price data resulted in another M/M fall,
albeit at a slightly slower pace than observed in the previous month.
- YM last trades -2.0 ticks, with XM also 2.0 ticks lower. YM/XM trades at 43.5,
with the cash equivalent at 39.1bp. Bills trade unchanged to 1 tick lower
through the reds.
- RBA repo ops saw A$435mn worth of 4-day ops dealt at an average of 1.706%,
with A$1.505bn worth of 63-day ops dealt at an average of 1.891%.
- Focus now moves to an XM basket bond auction at the top of the hour and the
latest NAB business survey due later in the day. Chinese Caixin manufacturing
PMI data will also draw attention.
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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