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Futures sit a touch above Friday's.....>

AUSSIE BONDS
AUSSIE BONDS: Futures sit a touch above Friday's settlement levels, but well shy
of their respective SYCOM peaks, after being driven by trade war matters in the
final overnight session of last week.
- YM +1.5, XM +1.0, leaving YM/XM at 37.0 ticks.
- Cash bonds are closed, with NSW observing a public holiday today.
- The latest AiG services PMI print was dismal, registering the deepest rate of
contraction seen since 2014, while the CBA equivalent was little changed vs. the
flash estimate.
- Bills run 1-3 ticks higher through the reds.
- Melbourne Institute inflation expectations data is due later today, although
the focus is already on tomorrow's RBA MonPol decision, which will be followed
up by the Bank's quarterly SoMP on Friday, with Governor Lowe testifying to a
parliamentary committee on the same day.
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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