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Bond futures followed Tsys lower on....>

AUSSIE BONDS
AUSSIE BONDS: Bond futures followed Tsys lower on SYCOM, receiving a modest,
short-lived reprieve on the back of the ongoing Brexit impasse in early SFE
trade, before fading back towards the overnight lows.
- YM last trades 3.0 ticks lower, with XM 6.0 ticks lower on the day. YM/XM
trades at 46.0, with the cash equivalent at 41.3bp.
- Bills are running 1-3 ticks lower through the reds. RBA repo ops saw A$715mn
of 10-day repo ops dealt at an average of 1.894%, with A$1.53bn worth of 43-day
ops dealt at an average of 1.870%.
- The latest RBA MonPol decision will hit later today but shouldn't provide too
much in the way of notable surprises. The latest federal budget is set to garner
more attention. Focus will be on the cash surplus/deficit situation, in addition
to the AOFM's borrowing requirements & any fiscal stimulus ahead of the upcoming
national elections. Building approvals data is also due.
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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