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Bond futures register SFE session......>

AUSSIE BONDS
AUSSIE BONDS: Bond futures register SFE session highs after NAB hiked its
variable mortgage rates by 12-16bp, citing an increase in funding costs, with
the leg higher in futures coming on the back of the RBA's perceived reaction
function owing to the wealth effect.
- YM last -0.5 tick, XM -1.0 tick, while YM/XM trades at 51.5bp. The cash
3-/10-Year yield differential trades at 49.6bp, with the AU/U.S. 10-Year yield
spread last -45.6bp.
- Bills unchanged to 1 tick lower across the whites and reds, with contracts
dealing at/1 tick off of best levels.
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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