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Major AU FI futures continue to........>

AUSSIE BONDS
AUSSIE BONDS: Major AU FI futures continue to print lower on the day, although
there is little to write home about.
- Moves in Tsys exerted some pressure on the longer end of the curve, but ranges
remain contained.
- The latest ACGB 2.50% 21 May 2030 auction saw the average yield at 0.09bp
below mid at the time of issuance, as the cover ratio held steady.
- Participants looked through the latest round of consumer confidence data.
- YM last -1.5 ticks, with XM -2.5 ticks, leaving the curve steeper. YM/XM deals
at 41.5 ticks, with the cash equivalent at 37.4bp.
- Bills unch. to 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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