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Bonds have operated around their.......>

AUSSIE BONDS
AUSSIE BONDS: Bonds have operated around their SYCOM highs and continue to trade
around best levels at 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. It would seem that 5-Year
swap flow helped to support the space.
- Elsewhere the AOFM announced that it will issue a new May 2030 Bond in the w/c
4 June. This came after a solid Nov 2029 Bond auction.
- 3-Year Bond futures last trade at 97.795 (+1.0 tick), while 10-Year Bond
futures trade at 97.205 (+2.0 ticks). The domestic 3-/10-Year yield differential
sits 0.6bp flatter at 62.1bp, while the AU/US 10-Year yield differential trades
unchanged at -20.0bp.
- Bill flow has been relatively listless with the white & red contracts
unchanged to a tick higher, decent two way flow has been noted in IRU8 at 98.08,
volume has been light elsewhere.
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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