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Overnight/early Sydney steepening......>

AUSSIE BONDS
AUSSIE BONDS: Overnight/early Sydney steepening unwound as we ground through SFE
trade, with YM and XM both sitting at unchanged levels.
- The ACGB '30 auction passed without any hitches, while outdated Q1 completed
construction work data wasn't as weak as median exp.
- Bills 1-2 ticks softer through the reds.
- Foreign A$ issuance continues to draw attention, with Bank of Nova Scotia
mandating for a 3-Year deal, while BNP Paribas launched A$ 5 Year non-preferred
senior Fixed and/or Floating.
- Tomorrow is headlined by RBA Governor's Lowe's address in front of a
parliamentary committee.
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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