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Bond futures backed away from their....>

AUSSIE BONDS
AUSSIE BONDS: Bond futures backed away from their early SFE highs to test SYCOM
lows, but have failed to break below their respective overnight troughs at
writing.
- Headline flow remains light.
- Latest domestic private credit data was virtually in line with exp., with the
downward trend in Y/Y prints maintained.
- YM last trades -2.5 ticks, with XM -4.5 ticks. YM/XM trades at 42.0, with the
cash equivalent at 37.5bp. AU/U.S. 10-Year yield spread trades at -63.1bp.
- Bills trade 1-3 ticks lower through the reds.
- Weekly AOFM issuance schedule is due at the top of the hour.
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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