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Bonds had a look at their SYCOM........>

AUSSIE BONDS
AUSSIE BONDS: Bonds had a look at their SYCOM highs early on and trade just shy
of those levels of present. The space hasn't really reacted to headlines which
stated that North Korea remains willing to meet with the US despite US President
Trump cancelling the proposed June summit.
- 3-Year Bond futures last trade at 97.790 (+0.5 tick), while 10-Year bond
futures trade at 97.200 (+1.5 ticks). The domestic 3-/10-Year yield differential
sits 1.0bp flatter at 61.7bp, while the AU/US 10-Year yield differential trades
0.2bp tighter at -19.8bp.
- Bill flow has been relatively listless with the white & red contracts
unchanged to a tick higher, although decent two way flow has been noted in IRU8
at 98.08.
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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