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Nothing in the way of major news.......>

AUSSIE BONDS
AUSSIE BONDS: Nothing in the way of major news flow noted with Aussie bond
futures and U.S. T-Notes edging higher thus far, as the majority of Asia-Pacific
& U.S. stock metrics are pulling back from highs/turning negative on the day.
- Modest long end outperformance sees the cash 3-/10-Year yield curve holding
sub 60bp.
- A couple of notable bouts of Bill flow early in the session. Whites and reds
unchanged to 2 ticks higher at writing.
- 3-Month BBSW set 0.32bp higher today at 1.9432%. 
- Looking at the RBA repo ops, there was a huge A$4.257bn worth dealt today
across 25, 55 & 113 day maturities. 55-Day ops weighted avg. rates stood at
1.998%. Large size potentially acting as liquidity padding over the year end
period to anchor short rates.
- A quiet session expected today, owing to the U.S. Thanksgiving holiday, with a
focus on the AOFM's weekly issuance schedule, due tomorrow.
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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