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Bond futures trade at fresh session....>

AUSSIE BONDS
AUSSIE BONDS: Bond futures trade at fresh session highs, underpinned by the
broader risk off flows observed over the last couple of hours, with soft Chinese
activity data adding a fresh impetus to the bid.
- YM/XM last 47.25, with the cash 3-/10-Year yield differential last ~47.0bp.
This area has acted as a double bottom for the cash curve over the last 12
months. AU/U.S. 10-Year yield spread last -45.5bp.
- White and red Bills trade 2 ticks lower, to 2 ticks higher last. Funding
matters have pressured the front end, with the reds more responsive to the risk
off flows observed.
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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