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Aussie bond futures stuck to a tight...>

AUSSIE BONDS
AUSSIE BONDS: Aussie bond futures stuck to a tight range in Sydney hours, with
local retail sales data & the latest round of RBA communique offering little in
terms of moving the needle for traders.
- YM +2.0, XM +3.0, leaving YM/XM at 32.0 and the cash equivalent at 29.3bp.
- The talking point was seen in the Bill strip, with volume surging on what may
have been erroneous algo trades, potentially centring on the IRH0M0U0 fly. Bills
last deal unchanged to 1 tick higher on the day through the reds, with volumes
in the 3 aforementioned contracts elevated vs. the remainder of the strip.
- Local sentiment surveys and housing finance data dominate next week's local
economic docket. Elsewhere, next week's AOFM issuance schedule looks a little
light, but Sydney/NSW is closed for a regional holiday on Monday, and I/L supply
is due the week after next.
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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