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AUSSIE BONDS

XM Roll Given

US TSYS

Familiar Omicron Worry Provides A Bid

EQUITIES

E-Minis Pull Lower

JGBS

Bland 5-Year Auction

Both the 3-Year and the 10-Year........>

AUSSIE BONDS
AUSSIE BONDS: Both the 3-Year and the 10-Year contracts have wound down a couple
of ticks after large month-end extensions (larger than normal) in long dated
Aussie bonds bolstered both contracts taking them to October highs into the
overnight session, sources reported 13k Aussie 10-Years were traded in the final
minute of Tuesday's SFE, 30.5's lift nearly 10k times. The 3-Year contract was
last at 97.6 and the 10-Year was last at 97.2700.
- 10-Year bond auction results were strong, cover coming in at 5.2967x from
4.5572x prior  on the same maturity, demand this week for Aussie bonds has been
extremely high despite the premium compared to Tsys being half of what it was in
September. Latest data for Australia's CPI inflation caused market pundits to
slash the possibility of a rate hike this year from the RBA, CBA say: "The RBA
are on hold, but not forever. The next move is a hike, in 18." AiG Manufacturing
PMI reported at 55.5 from 53.8. Aus October Commodity Index figures in at
0530BST/1630AEST.
- Yields are down across the curve as rising global yields put pressure on the
Aussie yield curve, the 3-Year down 2.9bp and the 10-Year down 3.9bp.