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Futures happy edge slightly higher,....>

AUSSIE BONDS
AUSSIE BONDS: Futures happy edge slightly higher, in very narrow Sydney ranges,
YM last +2.0, XM +4.5. Bills printing unchanged to 2 ticks higher through the
reds.
- Aussie PM Morrison has noted that the "bushfire outlook continues to be more
benign" and that the country will "spend as much as it takes" to help fire
victims, per BBG.
- Very strong cover ratio (6.5375x) was seen at the latest auction of ACGB 2.75%
21 Apr 2024, which saw A$400mn offered.
- Matters abroad continue to drive price action, with that set to continue
through Wednesday's SYCOM session, as the phase 1 Sino-U.S. trade deal is set to
come under scrutiny.
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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