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Little to report, with the curve.......>

AUSSIE BONDS
AUSSIE BONDS: Little to report, with the curve following the bear steepening
impetus noted in Tsys.
- Slight underperformance in 20-Year paper vs. 30s ahead of today's ACGB 2.75%
21 May 2041 supply.
- Aussie 10s modestly underperforming vs. Tsy equivalent, with the the AU/U.S.
10-Year spread +1.0bp at -66.1bp, little changed vs. the close of Sydney
business on Friday.
- YM last -2.0, XM -4.0. YM/XM at 24.5, with the cash equivalent at 22.2bp.
- Bills trade 2 ticks lower through the reds.
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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