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Aussie Bonds followed Tsys on their....>

AUSSIE BONDS: Aussie Bonds followed Tsys on their wild ride overnight, with YM
last -2.0 and XM +0.5, leaving the curve flatter as YM/XM deals at 30.0.
- Early comments from RBA's Bullock were not focused on MonPol, but she did
suggest that Australia's largest retailers are generally well-placed to weather
the effects of the sluggish domestic economy.
- Bills run 1-2 ticks lower through the reds vs. settlement.
- The IB strip is pricing a 65% chance of a 25bp cut at next month's RBA
meeting, with the probability rising in the wake of the RBNZ's surprise 50bp cut
on Wednesday.
- The latest round of monthly Chinese trade data will draw the attention of
participants today.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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