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Bond futures are looking through.......>

AUSSIE BONDS
AUSSIE BONDS: Bond futures are looking through their SYCOM highs in early SFE
trade, with YM +3.5 & XM + 5.5 vs. respective settlement levels, supported by
heightened tensions between the U.S. & Iran.
- Curve 2.0 ticks flatter than settlement, with YM/XM at 43.5.
- Bills 1-3 ticks higher through the reds.
- Early local data releases saw the AiG m'fing remain in contractionary
territory, while the final CBA services & composite PMI readings weren't quite
as soft as the flash estimates, but were still below 50.0.
- Broader risk events are likely to drive the space in early trade this week,
with the local docket picking up from Wednesday.
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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