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Bonds hover around SYCOM closing.......>

AUSSIE BONDS
AUSSIE BONDS: Bonds hover around SYCOM closing levels, a little shy of the
overnight high, trading in step with U.S. Tsys.
- The domestic 3-/10-Year yield differential last trades around 1.0bp flatter at
52bp. The AU/U.S. 10-Year spread continues to operate sub -20bp.
- 3-Month BBSW fixed 0.9bp lower today, with the bill strip trading marginally
mixed last.
- YMU8's sell-off Thursday lacked follow through with an aggressive bounce ahead
of 55- (97.844) & 100-(97.833) DMAs. Bears now need a close below the 100-DMA to
end bullish hopes and below 97.795 to confirm focus on 97.675 2018 lows. Bulls
continue to look for a close above the 21-DMA (97.913) to gain breathing room.
- Participants will focus on the announcement of next week's AOFM issuance
schedule, with broader focus on next week's AU CPI release.
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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