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Earlier uptick in the space reverses...>

AUSSIE BONDS
AUSSIE BONDS: Earlier uptick in the space reverses and more with stronger than
expected headline readings for Q2 CPI on a Y/Y & Q/Q basis, with the Y/Y trimmed
mean print also topping exp.
- YM last -2.5 ticks with XM -0.5 tick, promoting some flattening after the
earlier steepening. YM/XM trades at 40.5 ticks, with the cash equivalent at
36.7bp.
- Bills also pressured, last dealing 2-3 ticks lower through the reds.
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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