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Futures ticked higher during the.......>

AUSSIE BONDS: Futures ticked higher during the SYCOM session and have recovered
after a modest downtick in early SFE trade. YM last +2.0, XM +5.0, leaving the
curve flatter, as YM/XM deals at 34.0.
- The AU/U.S. 10-Year yield spread has been subjected to volatility in the last
few sessions, owing to the evolving trade war dynamic. The differential printed
as high as ~-62bp on Tuesday, and now sits back at ~-71bp. As a reminder, the
spread registered a historical low of ~-89bp only last week.
- Bills trade unchanged to 2 ticks higher through the reds.
- Housing finance data and ACGB 1.5% 21 Jun 2031 supply headline the local
docket today, with participants' focus also on matters surrounding China & one
eye on the RBNZ decision across the Tasman.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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