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Flows in Tsys seemingly supporting.....>

AUSSIE BONDS
AUSSIE BONDS: Flows in Tsys seemingly supporting the space, with YM & XM
contracts operating at session highs, reversing their declines from yesterday
(and more in the case of YM).
- The latest round of housing finance data saw home loans top exp., although the
print could hardly be deemed a positive, while the investment lending and owner
occupier loan value readings missed exp. Revisions to April's data were minimal.
- Short end leads the rally post-Powell/Fed minutes, YM +3.5 ticks with XM +2.0
ticks. YM/XM deals at 42.5 ticks, with the cash equivalent at 39.1bp.
- Bills trade 1-3 ticks higher 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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