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Aussie Bonds extended on their SYCOM...>

AUSSIE BONDS
AUSSIE BONDS: Aussie Bonds extended on their SYCOM highs as they closely tracked
Tsys amid risk off flow during the SFE session, but now sit off of best levels.
Questions re: the US-North Korea summit continue to do the rounds, with a North
Korean foreign min representative noting that he will suggest reconsidering the
summit. Elsewhere trade war issues headlined, with US President Trump
instructing Commerce Secretary Ross "to consider initiating a Section 232
investigation into imports of automobiles, including trucks, and automotive
parts to determine their effects on America's national security." Ross has
obliged.
- 3-Year Bond futures last trade at 97.785 (+2.0 ticks), while 10-Year bond
futures trade at 97.185 (+3.5 ticks). The domestic 3-/10-Year yield differential
sits 1.4bp flatter at 62.8bp, but off of the flattest levels, while the AU/US
10-Year yield differential trades 1.5bp tighter at -18.4bp.
- 3 month BBSW fixed 0.59bp lower today. The white & red Bill contracts last
trade unchanged to 2 ticks higher, in what has been a fairly active session for
the strip.
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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