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Little in the way of notable...........>

AUSSIE BONDS
AUSSIE BONDS: Little in the way of notable activity for the space over the last
hour or so. Focus to fall on the RBNZ's MonPol decision, due at the top of the
hour, after another less than inspiring auction for ACGB 11/2029.
- Morgan Stanley's estimate for ACGB month end extension is +0.014, less than
the average +0.07.
- YM trades at unchanged levels, with XM +3.0 ticks at writing. YM/XM trades at
41.0, with the cash equivalent at 35.5bp. The AU/U.S. 10-Year yield spread
trades at -63.4bp.
- Bills trade unchanged to 2 ticks lower through the reds, with the front end
underperforming.
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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