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Both benchmark contracts rose after....>

AUSSIE BONDS
AUSSIE BONDS: Both benchmark contracts rose after the bill auction and prior to
the release of home loans, Aus Sep home loans were forecasted to rise 2% but
instead fell 2.3%, showing a slowing of the Australian housing market. Both
benchmark contracts came down 3 ticks after the release of the housing market
data, the ASX200 is gaining and Aussie bond yields are up as the AUD creeps up
and commodities (steel, coking coal, dalian ore) also gain on SFE. Sources also
reported a large trade of 9k YMZ7 was given at 98.03 as both contracts came
down.
- The 3-Year contract was last at 98.030 and the 10-Year was last at 97.375.
- On SYCOM Aussie bonds moved alongside U.S. Tsys, moving lower as traders await
news on U.S. senate tax plans.

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