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Bond futures have held to tight........>

AUSSIE BONDS
AUSSIE BONDS: Bond futures have held to tight ranges in SFE trade, with the
latest round of North Korean, trade war & Chinese economic headlines ultimately
having little effect on the space.
- The release of the AOFM's weekly issuance schedule held no notable surprises,
with issuance set to move back to a more "normal" rate next week.
- YMM9 last trades -2.0 ticks, with XMM9 trading -0.75 tick. YM/XM deals at
49.75, with the cash equivalent at 44.1bp.
- Bills trade 1 to 2 ticks lower through the reds. RBA repo operations saw
A$500mn worth of 14-day ops dealt at an average of 1.820%, while A$1.6bn worth
of 33-day ops were dealt at an average of 2.039%.
- Focus next week's turn to the minutes from the RBA's most recent MonPol
decision, as well as the monthly labour market report, which is set to come
under increased scrutiny given the Bank's reliance on the labour market's
strength in supporting its view on the economy. The quarterly house price index
and vacancies data will also provide some interest. On the central bank front,
RBA's Kent and Bullock are due to speak during the week.
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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