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Free AccessAussie bonds were higher heading in....>
AUSSIE BONDS: Aussie bonds were higher heading in to the close, with the 3-Year
future up 1.0 tick at 97.87 while the 10-Year future is up 2.5 ticks at 97.155.
The space digested a solid auction of one of the 10-year futures basket
constituents, as the curve flattened. The 3-/10-Year spread 2.1bp flatter on the
session moves seen in US Treasury dealing, while the AU/US 10-Year spread
operated within 0.5bp either side of 0.03%. In terms of the shorter end, the
white bill contracts are unchanged, despite a late bought of selling in the
front month. Market participants are likely to focus on the US CPI release on
Wednesday, before the release of the domestic labour market report on Thursday.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.