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Futures have ticked away from lows.....>

AUSSIE BONDS
AUSSIE BONDS: Futures have ticked away from lows in early dealing, with little
in the way of direct headline catalysts apparent. There may be a degree of worry
creeping in ahead of the China Caixin manufacturing PMI print, due shortly.
- The latest AOFM weekly issuance schedule held no surprises.
- YM last -3.5 ticks, with XM -4.0 ticks. YM/XM trades at 47.0, with the cash
equivalent at 47.5bp. The AU/U.S. 10-Year yield spread trade at -57.5bp.
- Bills are running 1-3 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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