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Aussie bonds were more focused on......>

AUSSIE BONDS
AUSSIE BONDS: Aussie bonds were more focused on souring risk appetite
surrounding questions re: the timing/location of a phase 1 Sino-U.S. trade deal
than to any local developments. This allowed them to tick higher during SFE
trade, finishing just shy of best levels.
- YM closed +3.5, with XM +6.0.
- Bills closed 2-3 ticks higher through the reds.
- Local issuance was active enough. NAB launched FRN &/or fixed 12nc7
subordinated paper, while IADB priced a A$100mn tap of its Oct 2025 A$ line at
swaps +38bp, Citi priced 3- & 5-Year FRNs & BNG priced up a small tap of its
April 2020 line.
- The RBA SoMP, monthly housing finance data and weekly AOFM issuance schedule
headline tomorrow's local docket.
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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