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Bond futures ticked higher in early....>

AUSSIE BONDS
AUSSIE BONDS: Bond futures ticked higher in early SFE dealing, with the 3- &
10-Year contracts breaching their respective SYCOM highs set Friday. Contracts
moved back from best levels at the CME Globex re-open as Tsy futures moved lower
on the back of the optimistic rhetoric from U.S. President Trump & Chinese
counterpart Xi noted over the weekend re: trade. Contracts trade 2.5 ticks above
settlement last. YM/XM at 53.50, unchanged, with the cash 3-/10-Year yield
differential trading ~1.0bp steeper at 47.2bp.
- Bills trade 1-3bp higher in the whites & reds, on low volume. RBA dealt
A$2.357bn worth of 37-Day reverse repos at 2.193%, back from the 2.428% seen in
Friday's 24-Day ops.
- Lower tier AU data due throughout the week, so broader risk appetite likely to
set the tone for the space.
- Market set to close early today (at the bottom of the hour) & closed New
Year's Day.
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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