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Bear steepening came to the fore.......>

AUSSIE BONDS
AUSSIE BONDS: Bear steepening came to the fore during SYCOM trade, with
Sino-U.S. trade matters driving broader risk sentiment, allowing YM/XM to settle
around 40.0 in early Sydney dealing this morning, back from the overnight high
of 41.0. The cash equivalent prints at 39.9bp, a 3-month+ high.
- YM & XM print 5.0 & 9.5 ticks lower on the day respectively, a little above
the overnight lows.
- Bills are running 2-4 ticks lower through the reds vs. settlement.
- The RBA SoMP, monthly housing finance data and weekly AOFM issuance schedule
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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