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Aussie bonds have edged higher YMM8....>

AUSSIE BONDS
AUSSIE BONDS: Aussie bonds have edged higher YMM8 trades at 97.880 (+3.5 ticks),
while XMM8 trades 97.2725 (+3.25 ticks). The domestic 3-/10-Year spread last
trades at 67.5bp, while the AU/US 10-Year spread hovers around -10bp.
- The space followed Tsys higher on SYCOM as US retail sales disappointed and
equities moved lower, with bonds softening in early SFE dealing before a US
10-Year block buyer helped stiffen up demand for fixed income assets.
- The short end came under pressure as 3-month BBSW fixed 2bp higher. IRM8
trades 3 ticks lower, while the red contracts are 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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