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Bonds have eased a touch after the.....>

AUSSIE BONDS
AUSSIE BONDS: Bonds have eased a touch after the space tracked US Tsys during
the SYCOM session following the elongated holiday weekend, and currently trade
just off of worst levels as markets play close attention to the rhetoric
surrounding the Trump-Kim summit.
- The domestic 3-/10-Year yield differential continues to operate at ~60.0bp,
while the AU/US 10-Year yield spread trades at ~-15.0bp.
- 3-Month BBSW fixed a mere 0.11bp higher today, with the white and red bill
contracts last trading unchanged to 1 tick higher. Bill strip activity has been
limited.
- Participants brushed aside the auction of A$150mln of the 2.00% 21 August 2035
I/L Bond, which was well received, and also discounted a weaker NAB Business
survey and less than inspiring round of housing finance data.
- The Bond rolls have been active ahead of Friday's futures expiry.
- Wednesday will bring comments from RBA Governor Lowe, Thursday will bring
May's AU labour market report and Friday will bring comments from RBA's Ellis.
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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