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It has been yet another muted start....>

AUSSIE BONDS
AUSSIE BONDS: It has been yet another muted start for the space, with Bonds
operating near there closing SYCOM levels. 3-Year Bond futures last trade at
97.755 (unch.), while 10-Year bond futures trade at 97.130 (+0.5 tick). The
space ticked to lows after US President Donald Trump noted that the Ways & Means
Committee is working on more tax cuts by "November," but the move was very
limited.
- The domestic 3-/10-Year yield differential sits 0.6bp flatter at 65.1bp, while
the AU/US 10-Year yield differential trades 0.6bp wider at -20.8bp.
- News flow has been light thus far.
- 3 month BBSW fixed a meagre 0.06bp higher today.
- The white & red Bill contracts last trade a tick higher to a tick lower, with
2 way flow noted in IRU8 thus far.
- Participants await a speech from RBA Gov. Lowe later 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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