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Bond futures have pulled back from.....>

AUSSIE BONDS
AUSSIE BONDS: Bond futures have pulled back from best levels as YM & XM ran out
of steam at/just above their respective Wednesday highs, with T-Notes also
struggling to extend above yesterday's high. - YM & XM both trade 1.5 tick
higher, with YM/XM at 50.5 and the cash equivalent at 48.6bp. The AU/U.S.
10-Year yield spread trades at -45.3bp.
- Bills sit off of best levels, last trading unchanged to 2 ticks higher across
the whites and reds.
- Local credit data was a little softer than expected, with the internals
revealing the lowest housing investor growth on record.
- Immediate focus now moves to official Chinese PMI data due at the top of the
hour.
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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