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Futures trade around the opening.......>

AUSSIE BONDS
AUSSIE BONDS: Futures trade around the opening lows/SYCOM closing levels, with
YM 3.0 ticks lower and XM 5.0 ticks lower, after the contracts followed Tsys
lower in U.S. hours. YM/XM trading 2.0 steeper at 52.00, while the cash
3-/10-Year yield differential trades at 49.1bp.
- Bills trading 1-4 ticks lower through the whites and reds. RBA Reverse repo
ops saw $550mn worth of 14-Day ops dealt at 1.997% & $1.555bn worth of 80-Day
ops dealt at 2.018%, holding higher after yesterday's uptick.
- On the corporate issuance front CBA launched a 5-Year A$ MTN, IPT at SQ
ASW/3-Month BBSW+113bp area.
- Trade balance data headlines the AU docket today.
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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