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It has been a very muted session for...>

AUSSIE BONDS
AUSSIE BONDS: It has been a very muted session for the space, with Bonds
operating near their closing SYCOM levels. 3-Year Bond futures last trade at
97.755 (+1.0 ticks), while 10-Year bond futures trade at 97.130 (+3.0 ticks).
- The domestic 3-/10-Year yield differential sits 1.4bp flatter at 65.6bp, while
the AU/US 10-Year yield differential trades 0.6bp wider at -19.6bp.
- News flow has been light, with a lack of fundamental catalysts apparent.
- The latest I/L bond auction was easily absorbed, and attracted decent enough
cover given the muted inflation outlook.
- The white & red Bill contracts last trade a tick lower to a tick higher after
BBSW fixed 1.1bp higher.
- Participants await a speech from RBA Gov. Lowe on Wednesday.
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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