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Outperforming Vs. U.S.

AUSSIE BONDS

Futures stuck to tight ranges during overnight trade and were fairly insulated from the pressure seen in the longer end of the U.S. Tsy curve, with the AU/U.S. 10-Year yield spread currently sitting ~5bp tighter on the day, back in to ~6bp. YM & XM +0.5 above their respective settlement levels in early Sydney dealing. The 7- to 12-Year of the cash ACGB curve outperforms, firming by 1.0bp, with the remainder of the space little changed. There is little of note on the local economic docket on Thursday, with the latest round of RBA ACGB purchases due.

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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