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Aussie bonds eventually found a bid....>

AUSSIE BONDS: Aussie bonds eventually found a bid as Asia-Pacific equities
traded lower on the back of worries generated by the latest uptick in US Tsy
yields, which also resulted in the a modest pull back in US 10-Year yields, last
trading 2.935%.
- 10-Year Aussie Bond futures closed a tick lower at 97.135, while 3-Year
futures finished 1.5 ticks higher at 97.870, with the cash equivalents yielding
2.002% & 2.873% respectively.
- The recent move higher in US yields has pushed the AU-US 10-Year spread
further in to negative territory, last at -6.5bp or so, while the domestic 3/10
Year curve operates in the mid 70's.
- The white bill contracts were largely unchanged at the close of play.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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