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Aussie Bonds followed U.S. Tsys........>

AUSSIE BONDS
AUSSIE BONDS: Aussie Bonds followed U.S. Tsys lower in SYCOM dealing, after the
RBA-inspired leg lower during Tuesday's SFE session.
- The long end underperformed during SYCOM hours, which has allowed the AU
3-/10-Year cash yield differential to tick back above 55bp, with the AU/U.S.
10-Year yield spread last trading 1bp or so higher than yesterday's close at
~-34.5bp.
- The Bill strip has had a quiet start to SFE dealing, last unchanged to a tick
lower, with 3-Month BBSW fixing ~0.2bp lower.
- AU GDP data headlines today, with consensus looking for a reading of +0.7% Q/Q
& +2.8% Y/Y, against prior readings of +1.0% & +3.1% respectively
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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