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Bond futures have stuck to tight.......>

AUSSIE BONDS
AUSSIE BONDS: Bond futures have stuck to tight ranges in early SFE trade, ahead
of today's AU CPI release, that many are downplaying in terms of the broader RBA
outlook, as the look to next week's RBA decision, address from Gov. Lowe & SoMP.
- YM last trades unch., while XM trades +1.0 tick. YM/XM last 51.5, with the
cash 3-/10-Year yield differential at 50.2bp.
- Bills trade 1-2 ticks lower through the whites and reds. RBA repo rates ticked
higher today, with A$275mn of 21-day ops dealt at 2.011% & $1.63bn worth of
55-day ops dealt at 2.031%.
- Outside of the aforementioned domestic CPI print, focus Wednesday will fall on
the FOMC MonPol decision & Sino-U.S. trade summit in Washington.
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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