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It has been a quiet start to the.......>

AUSSIE BONDS
AUSSIE BONDS: It has been a quiet start to the week with Bonds operating around
SYCOM closing levels.
- The spaced lagged the uptick in U.S. Tsys observed on Friday, which has
allowed the AU/U.S. 10-Year spread to edge to ~-23.0bp last, while the domestic
3-/10-Year yield differential stands at 60.0bp.
- The Bill strip trades 1 tick lower to 2 ticks higher last.
- Focus today falls on the Chinese Current A/c data. Over the week AU interest
will centre on tomorrow's RBA MonPol decision, with universal expectations for
the Bank to leave it's cash rate unchanged, while the Bank is set to maintain
its glass half full approach. There will also be interest in the release of the
Bank's SOMP on Friday. Elsewhere a slew of Chinese data will provide interest to
participants.
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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