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Bond futures have operated around......>

AUSSIE BONDS
AUSSIE BONDS: Bond futures have operated around session highs for the majority
of the session, extending on their Tsy-related strength on SYCOM. The latest leg
higher came in the wake of a soft Westpac consumer confidence print.
- A modest and short-lived downtick from best levels was observed as ANZ noted
that they exp. the RBA to keep its MonPol settings unch. through 2019 & 2020,
which contrasts with a recent series of changes to RBA calls from several major
banks.
- YM last +7.0 ticks, with XM +7.25 ticks. YM/XM trades at 41.75, with the cash
equivalent at 43.3bp. The AU/U.S. 10-Year yield spread deals at -64.9bp.
- Bills trade 3-8 ticks higher through the reds.
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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