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Aussie Bonds operate around SYCOM......>

AUSSIE BONDS
AUSSIE BONDS: Aussie Bonds operate around SYCOM closing levels, after edging
lower as their recent underperformance vs. U.S. Tsys continues. This leaves the
AU/U.S. 10-Year spread at -25.5bp last, while the domestic 3-/10-Year yield
differential has crossed back above 60bp on the latest run of AU long end
underperformance.
- 10-Year futures have broken below the range observed in July, and now print at
levels not seen since June 14.
- 3-Month BBSW fixed 0.4% higher today, with the Bill strip following bonds
lower to last trade 1-3 ticks worse off.
- AU trade data, due today, and retail sales, due Friday, provide the highlights
ahead of next week's RBA MonPol decision.
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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