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Aussie Bonds followed Tsys higher in...>

AUSSIE BONDS
AUSSIE BONDS: Aussie Bonds followed Tsys higher in the wake of the first FOMC
MonPol decision of 2019, with YM & XM trading just off of the early SFE highs
(which represent a full unwind of yesterday's post-AU CPI sell off).
- YM & XM both trade 2.0 ticks higher on the day, with YM/XM at 50.0 and the
cash equivalent at 48.6bp.
- Bills trade unchanged to 3 ticks higher through the reds, flatter over the
2-Year horizon. Today's RBA repo ops saw A$490mn worth of 19-Day ops dealt at
2.017%, while A$1.57bn worth of 71-Day ops were dealt at 2.061%, as rates creep
higher again.
- Private sector credit dominates the local docket today. With focus also set to
fall on Chinese official PMI data.
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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