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Aussie Bonds have edged away from......>

AUSSIE BONDS: Aussie Bonds have edged away from SYCOM closing levels, although
they lagged Tsys on the latest move higher with the AU/U.S. 10-Year spread
hovering around -29.5bp, while the domestic 3-/10-Year curve continues to
- The space followed U.S. Tsys higher on SYCOM on the back of chatter suggesting
that U.S. Pres. Trump was unhappy with Fed MonPol under Powell i.e. less easy
money, which was later confirmed.
- On the AU political front Peter Dutton has resigned from his role in the
Australian cabinet after losing the leadership spill within the Liberal Party.
Eyes now on the lookout for any other resignations from within the cabinet.
- Bills last trade 2-3 ticks lower, with 3-Month BBSW fixing 0.3bp higher today.
- The RBA minutes & comments from Gov. Lowe offered little in the way of fresh
material information. Focus now moves to AU Q2 completed construction work due
later this week, as well as the Fed minutes & Jackson Hole Symposium and
comments from RBA Asst. Gov. Debelle.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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