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Chinese equities' strong start to......>

AUSSIE BONDS
AUSSIE BONDS: Chinese equities' strong start to the week allowed AU Bond futures
to move away from session highs, with the space largely tracking Tsys thus far.
- It is also worth highlighting the uncertainty caused by a local by-election
over the weekend, which seems to have resulted in the ruling government losing
its parliamentary majority.
- The domestic 3-/10-Year cash yield differential has added 1bp, to trade a
touch steeper at ~64.5bp, while the AU/U.S. 10-Year spread last deals at ~-49bp.
- RBA's Debelle had little to say on MonPol in his latest address, while the
auction of a 3-Year Bond futures basket constituent was easily absorbed by
market.
- 3-Month BBSW fixed ~0.1bp lower today, with the Bill strip dealing 1 to 3
ticks lower last.
- Focus now turns to comments from RBA's Debelle & Bullock tomorrow
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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