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Australian paper was dragged lower.....>

AUSSIE BONDS
AUSSIE BONDS: Australian paper was dragged lower by the aforementioned risk-on
drivers evident during SYCOM trade, with YM -2.5 & XM -4.0 in early Sydney
trade.
- Aussie 10s have outperformed their U.S. counterpart on the move, with the
AU/U.S. 10-Year spread tightening back to ~-58.5bp after reaction to Lowe's
speech saw some widening.
- Bills run 1-3 ticks lower through the reds.
- Retail sales, NAB biz. confidence & trade data headline today'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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