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Aussie bonds drifted away from.........>

AUSSIE BONDS: Aussie bonds drifted away from Monday's Sydney session peaks in
SYCOM dealing, with little in the way of movement in the AU/U.S. 10-Year yield
spread, as offshore matters drove price action.
- Limited price moves seen in early SFE dealing, leaving YM -0.5, with XM -2.0
at writing, curve a touch steeper vs. settlement, YM/XM printing +1.0 at 45.0.
- NAB saw A$2.25bn worth of its AUD 5-Year FRN benchmark offering price in late
Sydney hours on Monday, with TCV's new Nov 23 semi offering set to price today.
- Bills print unchanged to 1 tick lower through the reds as we type. Early trade
has seen small 2-way flow in IRZ0H1, as well as more recent 2-way activity in
IRH0, albeit at one price in both instances.
- The local docket is sparse today, with ANZ weekly consumer confidence data
already coming and going.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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