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Aussie Bonds have eased back from......>

AUSSIE BONDS
AUSSIE BONDS: Aussie Bonds have eased back from best levels with the 10-Year
future underperforming after the the AOFM announced a syndicated tap of the
3.25% 21 June 2039 Treasury Bond for next week.
- 3-Year Bond futures are trading at 97.800 (+0.5 tick), while 10-Year Bond
futures trade at 97.200 (-1.0 ticks).
- As a result, the space hasn't managed to re-test the SYCOM session highs which
came on the back of a slightly softer than expected suite of US CPI data.
- The latest auction of a 10-Year future basket Bond was uninspiring.
- The domestic 3-/10-Year yield spread operates at 62.2bp (+1.6bp), as the
longer end underperformed, while the AU/US 10-Year spread is 2.9bp tighter at
-17.8bp.
- 3-Month BBSW fixed 1.0bp lower at 1.930% today, with the white & red Bill
contracts last trading unchanged to a tick higher.
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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