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Bond futures continue to hold lower....>

AUSSIE BONDS
AUSSIE BONDS: Bond futures continue to hold lower after Friday's Powell/equity
rally/NFP-induced SYCOM sell off, with 3-Year yields 5.0bp higher at writing and
10-Year yields 7.1bp higher on the day. YM/XM trades at 51.0, with the cash
3-/10-Year yield differential last at 48.2bp.
- Bills softer as a result, with the whites and reds dealing 1-6 ticks lower on
the day.
- RBA 32-day reverse repo ops saw $1.43bn worth of 32-Day ops dealt at 1.997%.
- On the corporate issuance front guidance for CBA's new 5-Yea A$ MTN came in at
113 BPS area over SQASW/3MBBSW, while ADB has launched an inaugural A$ Green Jan
2024 Kangaroo bond.
- Domestic docket picks back up this week with AU trade balance and retail sales
headlining, although global developments are set to have more of an impact on
the space.
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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