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US TSYS SUMMARY

Narrow Range Ahead April FOMC Minutes

AUSSIE 10-YEAR TECHS

(M1) Resistance Remains Intact

USDJPY TECHS

Retracing Recent Gains

CANADA

BOC Exclusive

Aussie Bonds have ticked higher in.....>

AUSSIE BONDS
AUSSIE BONDS: Aussie Bonds have ticked higher in early SFE dealing, supported by
heaving buying activity in YMZ8 & month end extension flows, as yields soften by
1.5-2.0bp across the curve.
- The domestic 3-/10-Year domestic yield differential last trades unch. at
~61.0bp, with the AU/U.S. 10-Year yield spread at ~-37.5bp last, after U.S. Tsys
underperformed local Bonds on Thursday.
- The uptick in Bonds, along with 3-Month BBSW fixing 0.8bp lower today has
supported the Bill strip, which trades unch. to 2 ticks higher last.
- Participants look to the AOFM's weekly issuance schedule with interest, ahead
of next week's RBA MonPol decision, AU trade data & retail sales. It is also
worth noting that RBA's Heath will make an appearance next week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com