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Bond futures have traded in a tight....>

AUSSIE BONDS
AUSSIE BONDS: Bond futures have traded in a tight range over the last couple of
hours, after they 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 1.0 tick higher, with YM/XM at 50.0 and the cash equivalent
at 48.5bp. The AU/U.S. 10-Year yield spread trades at -45.0bp.
- Bills sit off of best levels, last trading unchanged to 1 tick higher across
the whites and reds.
- AU credit data was a little softer than expected, with the internals revealing
the lowest housing investor growth on record.
- Tweets from a Newscorp reporter highlighted that ING Australia hiked home loan
variable rates by 0.15 percentage points for new and existing customers.
Effective Thursday February 7 (they are a large second tier lender in Aus, this
isn't their first out of cycle hike).
- The space had little reaction to the latest round of official Chinese PMI
data.
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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