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Aussie bond futures were bid into......>

AUSSIE BONDS
AUSSIE BONDS: Aussie bond futures were bid into the close, but didn't quite
manage to force their way through the early session highs, with YM +5.5 and XM
+3.5 at the close of business.
- The contracts reversed an early dip that came alongside Tsys, although it was
very limited in nature, with month-end buying alongside broader risk-off flows
evident, and driven the space as we moved through the day, while fresh all time
lows for 3- & 10-Year yields were also recorded.
- Some focus on increasing dovish RBNZ bets from across the Tasman, as well as
the first coronavirus case declared in New Zealand caught the eye.
- Bills finished 3-5 ticks higher through the reds.
- Private sector credit data was marginally firmer than exp. but has had no
notable impact on the space.
- The AOFM's latest weekly issuance schedule is focused on one bond line, with a
tap of A$1.2bn worth of May 2032s slated for Wednesday.
- The latest RBA decision & Q4 GDP headline next week's GDP print.
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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