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Bond futures leaked away from the......>

AUSSIE BONDS
AUSSIE BONDS: Bond futures leaked away from the early highs on the back of the
latest auction of the AOFM's 2037 bond line. The cover ratio ticked higher when
compared to the previous auction, although all bids at the high yield in the
latest auction were allocated in full, which added weight to the space. That was
before a soft Chinese Caixin manufacturing PMI print put a floor on the space,
allowing bond futures to trade just shy of best levels at writing.
- YM last +2.0 ticks, XM +4.0 ticks. YM/XM trades at 49.0, with the cash
equivalent at 47.5bp. The AU/U.S. 10-Year yield spread trades at -43.3bp.
- Bills have tracked Bonds, with the whites and reds trading 1-3 ticks higher at
writing.
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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