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Aussie bonds continue to trade in......>

AUSSIE BONDS: Aussie bonds continue to trade in lockstep with US Tsys with the
relatively strong May 2030 bond auction helping to support the space. The
10-year trades up 1 tick at 97.2350, just shy of yesterday's high at 97.24. The
3-year is trading flat at 97.860.
- The 10-year yield has edged back down after failing to hit a new high
yesterday, trading at 2.745%as the yield curve has flattened further after
yesterday's sizeable move. The 3s-10s curve has fallen another 1.3bps to trade
at 68.3.
- The AU-US 10-year yield spread has edged back down 2.4bps to trade at
-46.6bps, keeping the downtrend intact. 
- Strong Westpac consumer confidence data has not impacted the space.

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