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Bond futures continue to operate.......>

AUSSIE BONDS
AUSSIE BONDS: Bond futures continue to operate within narrow ranges, with YM
-0.5 & XM -1.0 at writing. The curve trades in familiar territory, YM/XM last
51.5, with the cash 3-/10-Year yield differential last at 48.8bp.
- No notable reaction was observed to the latest round of AU housing finance
data.
- Bill strip trades unchanged to 2 ticks lower across the whites and reds. Front
end of the IB strip has seen some decent sized buying, particularly in IBG9 in
the last few minutes.
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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